Raymond James & Associates Increases Holdings in Saba Closed-End Funds ETF (BATS:CEFS)

Raymond James & Associates increased its holdings in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 11.2% in the fourth quarter, Holdings Channel reports. The firm owned 33,575 shares of the company’s stock after acquiring an additional 3,394 shares during the period. Raymond James & Associates’ holdings in Saba Closed-End Funds ETF were worth $637,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CEFS. Commonwealth Equity Services LLC boosted its position in Saba Closed-End Funds ETF by 12.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 15,026 shares of the company’s stock worth $263,000 after purchasing an additional 1,714 shares during the period. Rovin Capital UT ADV boosted its position in Saba Closed-End Funds ETF by 7.9% during the 3rd quarter. Rovin Capital UT ADV now owns 51,609 shares of the company’s stock worth $904,000 after purchasing an additional 3,777 shares during the period. Chicago Partners Investment Group LLC boosted its position in Saba Closed-End Funds ETF by 6.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 50,260 shares of the company’s stock worth $839,000 after purchasing an additional 3,231 shares during the period. XML Financial LLC purchased a new stake in Saba Closed-End Funds ETF during the 3rd quarter worth $206,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in Saba Closed-End Funds ETF by 7.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 39,682 shares of the company’s stock worth $695,000 after buying an additional 2,665 shares in the last quarter.

Saba Closed-End Funds ETF Price Performance

Shares of CEFS stock opened at $19.84 on Thursday. 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 $182.53 million, a P/E ratio of 18.47 and a beta of 0.72. The company’s fifty day moving average price is $20.02 and its two-hundred day moving average price is $18.99.

Saba Closed-End Funds ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 26th were paid a $0.14 dividend. The ex-dividend date was Monday, March 25th.

Saba Closed-End Funds ETF Company 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.