LPL Financial LLC Buys 88,699 Shares of Saba Closed-End Funds ETF (BATS:CEFS)

LPL Financial LLC raised its stake in Saba Closed-End Funds ETF (BATS:CEFS) by 102.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 174,999 shares of the company’s stock after purchasing an additional 88,699 shares during the period. LPL Financial LLC owned 3.10% of Saba Closed-End Funds ETF worth $3,195,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CEFS. Raymond James Financial Services Advisors Inc. increased its position in Saba Closed-End Funds ETF by 1.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 72,707 shares of the company’s stock valued at $1,432,000 after buying an additional 1,204 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Saba Closed-End Funds ETF by 17.9% during the first quarter. Cetera Investment Advisers now owns 79,029 shares of the company’s stock valued at $1,557,000 after acquiring an additional 11,995 shares in the last quarter. Royal Bank of Canada raised its position in shares of Saba Closed-End Funds ETF by 680.0% during the first quarter. Royal Bank of Canada now owns 3,900 shares of the company’s stock worth $77,000 after purchasing an additional 3,400 shares during the period. Citadel Advisors LLC bought a new position in shares of Saba Closed-End Funds ETF in the 2nd quarter worth $2,262,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Saba Closed-End Funds ETF by 11.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 129,575 shares of the company’s stock worth $2,160,000 after purchasing an additional 13,073 shares in the last quarter.

Saba Closed-End Funds ETF Trading Up 0.4 %

Shares of CEFS stock opened at $18.54 on Tuesday. The firm has a fifty day simple moving average of $18.60 and a two-hundred day simple moving average of $18.22. Saba Closed-End Funds ETF has a 12 month low of $19.83 and a 12 month high of $22.14. The firm has a market capitalization of $119.58 million, a PE ratio of 15.99 and a beta of 0.76.

Saba Closed-End Funds ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, August 24th. Investors of record on Tuesday, August 22nd were issued a $0.14 dividend. The ex-dividend date of this dividend was Monday, August 21st.

Saba Closed-End Funds ETF 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.