Saba Closed-End Funds ETF (BATS:CEFS) Stock Price Up 0.1% – What’s Next?

Saba Closed-End Funds ETF (BATS:CEFS) traded up 0.1% on Tuesday. The stock traded as high as $24.98 and last traded at $24.78. 56,173 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 88,986 shares. The stock had previously closed at $24.75.

Saba Closed-End Funds ETF Trading Up 0.1%

The stock’s 50-day moving average is $25.08 and its 200-day moving average is $24.79. The stock has a market cap of $329.57 million, a price-to-earnings ratio of 21.88 and a beta of 0.72.

Saba Closed-End Funds ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were paid a dividend of $0.2460 per share. This is an increase from Saba Closed-End Funds ETF’s previous monthly dividend of $0.14. This represents a $2.95 annualized dividend and a yield of 11.9%. The ex-dividend date was Monday, September 28th.

Institutional Investors Weigh In On Saba Closed-End Funds ETF

Several large investors have recently made changes to their positions in the business. SHP Wealth Management acquired a new position in shares of Saba Closed-End Funds ETF during the 4th quarter valued at $43,000. Integrated Wealth Concepts LLC acquired a new stake in Saba Closed-End Funds ETF in the 2nd quarter valued at $221,000. First Heartland Consultants Inc. increased its holdings in Saba Closed-End Funds ETF by 10.5% in the 2nd quarter. First Heartland Consultants Inc. now owns 10,416 shares of the company’s stock valued at $267,000 after purchasing an additional 987 shares in the last quarter. Private Advisor Group LLC raised its position in Saba Closed-End Funds ETF by 6.0% in the first quarter. Private Advisor Group LLC now owns 16,454 shares of the company’s stock valued at $371,000 after purchasing an additional 933 shares during the period. Finally, Unified Investment Management raised its position in Saba Closed-End Funds ETF by 2.5% in the first quarter. Unified Investment Management now owns 21,081 shares of the company’s stock valued at $475,000 after purchasing an additional 509 shares during the period.

Saba Closed-End Funds ETF Company Profile

The Saba Closed-End Funds ETF (CEFS) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that seeks to generate high income by investing in closed-end funds trading at a discount to net asset value and hedging for duration risk. CEFS was launched on Mar 21, 2017 and is managed by Saba.