Baird Financial Group Inc. Purchases 16,224 Shares of Saba Capital Income & Opportunities Fund II $SABA

Baird Financial Group Inc. grew its stake in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) by 49.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,264 shares of the company’s stock after buying an additional 16,224 shares during the period. Baird Financial Group Inc. owned 0.15% of Saba Capital Income & Opportunities Fund II worth $429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Comprehensive Money Management Services LLC raised its position in shares of Saba Capital Income & Opportunities Fund II by 1.7% during the first quarter. Comprehensive Money Management Services LLC now owns 112,314 shares of the company’s stock valued at $977,000 after buying an additional 1,846 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Saba Capital Income & Opportunities Fund II by 2.6% during the first quarter. Private Advisor Group LLC now owns 78,248 shares of the company’s stock valued at $681,000 after buying an additional 2,000 shares during the last quarter. US Bancorp DE bought a new stake in shares of Saba Capital Income & Opportunities Fund II during the first quarter valued at approximately $35,000. Chicago Partners Investment Group LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the first quarter valued at $96,000. Finally, Clear Creek Financial Management LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the first quarter valued at $102,000. Institutional investors own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Price Performance

SABA stock opened at $9.22 on Thursday. The firm has a fifty day moving average price of $9.26 and a 200 day moving average price of $8.90. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.72 and a fifty-two week high of $9.46.

Saba Capital Income & Opportunities Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

Saba Capital Income & Opportunities Fund II Company 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.