Saba Closed-End Funds ETF $CEFS Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 7.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,177 shares of the company’s stock after purchasing an additional 5,449 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.56% of Saba Closed-End Funds ETF worth $1,667,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. NBC Securities Inc. lifted its holdings in Saba Closed-End Funds ETF by 101,125.0% in the first quarter. NBC Securities Inc. now owns 4,049 shares of the company’s stock valued at $86,000 after acquiring an additional 4,045 shares during the last quarter. Anfield Capital Management LLC lifted its holdings in Saba Closed-End Funds ETF by 36.6% in the first quarter. Anfield Capital Management LLC now owns 5,425 shares of the company’s stock valued at $116,000 after acquiring an additional 1,454 shares during the last quarter. Oregon Pacific Wealth Management LLC lifted its holdings in Saba Closed-End Funds ETF by 4.3% in the first quarter. Oregon Pacific Wealth Management LLC now owns 23,162 shares of the company’s stock valued at $494,000 after acquiring an additional 959 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Saba Closed-End Funds ETF by 8.6% in the first quarter. NewEdge Advisors LLC now owns 25,306 shares of the company’s stock valued at $540,000 after acquiring an additional 1,999 shares during the last quarter. Finally, Amplius Wealth Advisors LLC lifted its holdings in Saba Closed-End Funds ETF by 3.6% in the first quarter. Amplius Wealth Advisors LLC now owns 26,202 shares of the company’s stock valued at $559,000 after acquiring an additional 902 shares during the last quarter.

Saba Closed-End Funds ETF Stock Performance

CEFS opened at $22.72 on Tuesday. Saba Closed-End Funds ETF has a one year low of $18.59 and a one year high of $22.70. The stock has a market capitalization of $302.19 million, a PE ratio of 21.88 and a beta of 0.72. The business’s 50 day moving average price is $22.52 and its 200 day moving average price is $21.89.

Saba Closed-End Funds ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

About Saba Closed-End Funds ETF

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.