Delaware Enhanced Global (DEX) Major Shareholder Saba Capital Management, L.P. Buys 36,436 Shares

Delaware Enhanced Global (NYSE:DEX) major shareholder Saba Capital Management, L.P. acquired 36,436 shares of Delaware Enhanced Global stock in a transaction dated Wednesday, April 4th. The stock was purchased at an average cost of $11.54 per share, with a total value of $420,471.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

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  • On Tuesday, January 9th, Saba Capital Management, L.P. acquired 67,757 shares of Delaware Enhanced Global stock. The stock was purchased at an average cost of $12.44 per share, with a total value of $842,897.08.

Shares of NYSE DEX traded up $0.03 during midday trading on Friday, reaching $11.72. The stock had a trading volume of 21,367 shares, compared to its average volume of 49,739. Delaware Enhanced Global has a 12-month low of $10.71 and a 12-month high of $12.70.

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 29th. Stockholders of record on Friday, March 16th were paid a $0.1098 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This is a boost from Delaware Enhanced Global’s previous monthly dividend of $0.05. This represents a $1.32 dividend on an annualized basis and a dividend yield of 11.24%.

Several hedge funds and other institutional investors have recently made changes to their positions in DEX. Towerpoint Wealth LLC purchased a new position in Delaware Enhanced Global during the fourth quarter valued at $143,000. Bulldog Investors LLC grew its stake in Delaware Enhanced Global by 32.4% during the fourth quarter. Bulldog Investors LLC now owns 836,428 shares of the company’s stock valued at $10,146,000 after acquiring an additional 204,875 shares in the last quarter. Finally, Sit Investment Associates Inc. grew its stake in Delaware Enhanced Global by 11.6% during the fourth quarter. Sit Investment Associates Inc. now owns 994,608 shares of the company’s stock valued at $12,065,000 after acquiring an additional 103,319 shares in the last quarter.

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Delaware Enhanced Global Company Profile

Delaware Enhanced Global Dividend and Income Fund is a diversified closed-end management investment fund. Its primary investment objective is to seek current income. Its secondary objective is capital appreciation. It invests in dividend-paying or income-generating securities across multiple asset classes, including equity securities of large companies, securities issued by real estate companies (real estate investment trusts and real estate industry operating companies), debt securities (such as government bonds, investment grade and high risk, high yield corporate bonds and convertible bonds) and emerging market securities.

Insider Buying and Selling by Quarter for Delaware Enhanced Global (NYSE:DEX)

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