US Bancorp DE Acquires New Holdings in Saba Capital Income & Opportunities Fund II $SABA

US Bancorp DE acquired a new stake in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,007 shares of the company’s stock, valued at approximately $35,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in Saba Capital Income & Opportunities Fund II by 27.3% during the first quarter. Envestnet Asset Management Inc. now owns 889,377 shares of the company’s stock valued at $7,738,000 after acquiring an additional 190,886 shares in the last quarter. Noble Wealth Management PBC raised its position in Saba Capital Income & Opportunities Fund II by 290.4% during the first quarter. Noble Wealth Management PBC now owns 65,009 shares of the company’s stock valued at $566,000 after acquiring an additional 48,359 shares in the last quarter. Raymond James Financial Inc. bought a new position in Saba Capital Income & Opportunities Fund II during the fourth quarter valued at approximately $655,000. Kovitz Investment Group Partners LLC raised its position in shares of Saba Capital Income & Opportunities Fund II by 9.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 757,297 shares of the company’s stock valued at $6,861,000 after purchasing an additional 65,881 shares during the period. Finally, Invesco Ltd. raised its position in shares of Saba Capital Income & Opportunities Fund II by 5.3% in the fourth quarter. Invesco Ltd. now owns 400,236 shares of the company’s stock valued at $3,626,000 after purchasing an additional 20,227 shares during the period. Institutional investors own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Price Performance

NYSE:SABA opened at $9.2650 on Wednesday. Saba Capital Income & Opportunities Fund II has a 12 month low of $7.72 and a 12 month high of $9.46. The company’s 50 day moving average is $9.21 and its 200-day moving average is $8.90.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The company also recently declared a aug 25 dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 11th will be given a $0.058 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a dividend yield of 740.0%.

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.