Envestnet Asset Management Inc. Buys 13,372 Shares of Saba Closed-End Funds ETF (BATS:CEFS)

Envestnet Asset Management Inc. increased its stake in Saba Closed-End Funds ETF (BATS:CEFS) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 198,372 shares of the company’s stock after purchasing an additional 13,372 shares during the period. Envestnet Asset Management Inc. owned approximately 2.14% of Saba Closed-End Funds ETF worth $4,249,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Farther Finance Advisors LLC increased its holdings in Saba Closed-End Funds ETF by 36.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,220 shares of the company’s stock valued at $48,000 after buying an additional 590 shares during the period. New England Private Wealth Advisors LLC boosted its position in shares of Saba Closed-End Funds ETF by 639.2% during the 4th quarter. New England Private Wealth Advisors LLC now owns 110,748 shares of the company’s stock worth $2,372,000 after acquiring an additional 95,766 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Saba Closed-End Funds ETF during the 4th quarter worth approximately $308,000. Raymond James Financial Inc. bought a new position in Saba Closed-End Funds ETF in the fourth quarter valued at approximately $3,214,000. Finally, Unified Investment Management acquired a new position in Saba Closed-End Funds ETF during the fourth quarter valued at approximately $447,000.

Saba Closed-End Funds ETF Stock Performance

Shares of CEFS stock opened at $20.72 on Thursday. The company has a market cap of $257.90 million, a PE ratio of 22.06 and a beta of 0.71. The stock’s fifty day moving average price is $21.24 and its two-hundred day moving average price is $21.80. Saba Closed-End Funds ETF has a fifty-two week low of $18.59 and a fifty-two week high of $22.70.

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.