Garden State Investment Advisory Services LLC Takes Position in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Garden State Investment Advisory Services LLC purchased a new stake in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,250 shares of the company’s stock, valued at approximately $138,000.

Several other institutional investors have also recently made changes to their positions in the company. Independent Advisor Alliance increased its stake in shares of Saba Capital Income & Opportunities Fund II by 22.7% during the third quarter. Independent Advisor Alliance now owns 74,825 shares of the company’s stock valued at $637,000 after buying an additional 13,850 shares during the period. Penserra Capital Management LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the third quarter valued at $4,780,000. Fiera Capital Corp increased its stake in shares of Saba Capital Income & Opportunities Fund II by 235.2% during the third quarter. Fiera Capital Corp now owns 342,605 shares of the company’s stock valued at $2,916,000 after buying an additional 240,405 shares during the period. Hara Capital LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the third quarter valued at $2,997,000. Finally, Shaker Financial Services LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the third quarter valued at $1,304,000. Hedge funds and other institutional investors own 22.22% of the company’s stock.

Insider Activity at Saba Capital Income & Opportunities Fund II

In related news, major shareholder Saba Capital Management, L.P. sold 4,453 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $8.46, for a total transaction of $37,672.38. Following the sale, the insider now owns 3,450,271 shares of the company’s stock, valued at $29,189,292.66. This trade represents a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 180,112 shares of company stock valued at $1,523,150 over the last quarter. 6.18% of the stock is owned by corporate insiders.

Saba Capital Income & Opportunities Fund II Stock Performance

Shares of Saba Capital Income & Opportunities Fund II stock opened at $8.99 on Tuesday. Saba Capital Income & Opportunities Fund II has a 12 month low of $7.28 and a 12 month high of $9.01. The stock’s fifty day moving average price is $8.60 and its 200-day moving average price is $8.22.

Saba Capital Income & Opportunities Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 11th were given a dividend of $0.058 per share. This represents a $0.70 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date of this dividend was Friday, November 8th.

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.