Private Advisor Group LLC Boosts Stake in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Private Advisor Group LLC raised its position in Saba Capital Income & Opportunities Fund II (NYSE:SABA) by 729.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,148 shares of the company’s stock after buying an additional 74,002 shares during the period. Private Advisor Group LLC owned approximately 0.26% of Saba Capital Income & Opportunities Fund II worth $716,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gilman Hill Asset Management LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II during the third quarter worth about $85,000. Family Firm Inc. bought a new position in shares of Saba Capital Income & Opportunities Fund II during the second quarter worth about $83,000. HB Wealth Management LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II during the second quarter worth about $98,000. Patron Partners LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II during the second quarter worth about $144,000. Finally, Rock Point Advisors LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II during the second quarter worth about $162,000. 22.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 70,046 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $8.38, for a total transaction of $586,985.48. Following the sale, the insider now owns 3,346,812 shares in the company, valued at $28,046,284.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 180,112 shares of company stock worth $1,523,150 over the last quarter. 5.62% of the stock is owned by company insiders.

Saba Capital Income & Opportunities Fund II Stock Up 0.5 %

Shares of SABA stock opened at $8.58 on Friday. Saba Capital Income & Opportunities Fund II has a one year low of $7.28 and a one year high of $8.73. The company’s 50-day simple moving average is $8.50 and its 200-day simple moving average is $8.05.

Saba Capital Income & Opportunities Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 9th were paid a dividend of $0.058 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.70 annualized dividend and a yield of 8.11%.

About Saba Capital Income & Opportunities Fund II

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.