Wells Fargo & Company MN Purchases 647,432 Shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Wells Fargo & Company MN boosted its position in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) by 933.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 716,776 shares of the company’s stock after buying an additional 647,432 shares during the period. Wells Fargo & Company MN owned approximately 2.23% of Saba Capital Income & Opportunities Fund II worth $6,494,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SABA. Thomas J. Herzfeld Advisors Inc. raised its stake in Saba Capital Income & Opportunities Fund II by 152.0% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,436,590 shares of the company’s stock valued at $13,016,000 after purchasing an additional 866,503 shares in the last quarter. Choreo LLC lifted its holdings in shares of Saba Capital Income & Opportunities Fund II by 74.9% in the 4th quarter. Choreo LLC now owns 200,876 shares of the company’s stock valued at $1,813,000 after acquiring an additional 86,036 shares during the last quarter. Tidal Investments LLC grew its position in Saba Capital Income & Opportunities Fund II by 1.2% in the third quarter. Tidal Investments LLC now owns 110,724 shares of the company’s stock worth $942,000 after acquiring an additional 1,300 shares in the last quarter. Independent Advisor Alliance increased its stake in Saba Capital Income & Opportunities Fund II by 9.1% during the fourth quarter. Independent Advisor Alliance now owns 81,650 shares of the company’s stock worth $740,000 after acquiring an additional 6,825 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Saba Capital Income & Opportunities Fund II during the fourth quarter valued at approximately $655,000. Hedge funds and other institutional investors own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Price Performance

NYSE SABA opened at $8.24 on Friday. The business’s 50 day moving average price is $8.70 and its 200-day moving average price is $8.81. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.42 and a fifty-two week high of $9.43.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.70 annualized dividend and a dividend yield of 8.45%.

Saba Capital Income & Opportunities Fund II 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.