Penserra Capital Management LLC Acquires New Position in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Penserra Capital Management LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) in the third quarter, Holdings Channel reports. The firm bought 561,771 shares of the company’s stock, valued at approximately $4,780,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Melfa Wealth Management Inc. acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the 2nd quarter worth about $188,000. Family Firm Inc. bought a new position in Saba Capital Income & Opportunities Fund II during the 2nd quarter worth approximately $83,000. Avion Wealth acquired a new position in Saba Capital Income & Opportunities Fund II during the second quarter valued at approximately $338,000. HB Wealth Management LLC bought a new stake in Saba Capital Income & Opportunities Fund II in the second quarter valued at approximately $98,000. Finally, Nations Financial Group Inc. IA ADV bought a new stake in Saba Capital Income & Opportunities Fund II in the second quarter valued at approximately $253,000. Institutional investors own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Price Performance

Shares of NYSE SABA opened at $8.69 on Monday. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.28 and a twelve month high of $8.75. The company’s fifty day moving average is $8.56 and its 200-day moving average is $8.17.

Saba Capital Income & Opportunities Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 11th will be issued a dividend of $0.058 per share. The ex-dividend date is Friday, November 8th. This represents a $0.70 annualized dividend and a yield of 8.01%.

Insider Buying and Selling at Saba Capital Income & Opportunities Fund II

In other Saba Capital Income & Opportunities Fund II news, major shareholder Saba Capital Management, L.P. sold 4,881 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $8.60, for a total transaction of $41,976.60. Following the sale, the insider now directly owns 3,238,188 shares in the company, valued at approximately $27,848,416.80. This trade represents a 0.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 180,112 shares of company stock valued at $1,523,150. Company insiders own 5.62% of the company’s stock.

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.