Saba Capital Income & Opportunities Fund II (NYSE:SABA) Shareholders to Collect $0.06 Monthly Dividend

Saba Capital Income & Opportunities Fund II (NYSE:SABA) declared a monthly dividend on Friday, October 30th. Investors of record on Tuesday, November 10th will be paid a dividend of $0.0580 per share on Monday, November 30th. This represents a $0.70 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date is Tuesday, November 10th.

Saba Capital Income & Opportunities Fund II Stock Up 1.2%

Shares of SABA stock opened at $7.76 on Friday. Saba Capital Income & Opportunities Fund II has a 1 year low of $7.57 and a 1 year high of $8.92. The firm’s fifty day simple moving average is $7.91 and its 200 day simple moving average is $8.18.

Institutional Trading of Saba Capital Income & Opportunities Fund II

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rivernorth Capital Management LLC increased its holdings in shares of Saba Capital Income & Opportunities Fund II by 2.4% during the 1st quarter. Rivernorth Capital Management LLC now owns 2,857,603 shares of the company’s stock worth $23,775,000 after purchasing an additional 66,554 shares during the period. Blue Bell Private Wealth Management LLC raised its position in shares of Saba Capital Income & Opportunities Fund II by 7.4% during the third quarter. Blue Bell Private Wealth Management LLC now owns 358,728 shares of the company’s stock valued at $2,859,000 after buying an additional 24,732 shares during the last quarter. Flax Pond Capital LLC lifted its stake in shares of Saba Capital Income & Opportunities Fund II by 5.9% in the first quarter. Flax Pond Capital LLC now owns 299,313 shares of the company’s stock valued at $2,490,000 after buying an additional 16,780 shares during the period. Doliver Advisors LP bought a new stake in shares of Saba Capital Income & Opportunities Fund II in the second quarter valued at about $1,169,000. Finally, Private Advisor Group LLC lifted its stake in shares of Saba Capital Income & Opportunities Fund II by 10.1% in the first quarter. Private Advisor Group LLC now owns 87,448 shares of the company’s stock valued at $728,000 after buying an additional 8,000 shares during the period. 22.22% of the stock is currently owned by institutional investors and hedge funds.

Saba Capital Income & Opportunities Fund II Company Profile

Saba Capital Income & Opportunities Fund II is a closed-ended fixed income mutual fund launched and managed by Saba Capital Management, L.P. The fund invests in fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.