Farther Finance Advisors LLC Grows Stock Holdings in Saba Closed-End Funds ETF $CEFS

Farther Finance Advisors LLC grew its holdings in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 20.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,792 shares of the company’s stock after purchasing an additional 471 shares during the period. Farther Finance Advisors LLC’s holdings in Saba Closed-End Funds ETF were worth $62,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in shares of Saba Closed-End Funds ETF by 8.6% during the first quarter. Envestnet Asset Management Inc. now owns 215,517 shares of the company’s stock valued at $4,597,000 after purchasing an additional 17,145 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Saba Closed-End Funds ETF by 12.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 68,728 shares of the company’s stock valued at $1,466,000 after purchasing an additional 7,370 shares during the last quarter. Anfield Capital Management LLC lifted its holdings in shares of Saba Closed-End Funds ETF by 36.6% during the first quarter. Anfield Capital Management LLC now owns 5,425 shares of the company’s stock valued at $116,000 after purchasing an additional 1,454 shares during the last quarter. Rovin Capital UT ADV lifted its holdings in shares of Saba Closed-End Funds ETF by 7.7% during the first quarter. Rovin Capital UT ADV now owns 58,942 shares of the company’s stock valued at $1,257,000 after purchasing an additional 4,227 shares during the last quarter. Finally, Oregon Pacific Wealth Management LLC lifted its holdings in shares of Saba Closed-End Funds ETF by 4.3% during the first quarter. Oregon Pacific Wealth Management LLC now owns 23,162 shares of the company’s stock valued at $494,000 after purchasing an additional 959 shares during the last quarter.

Saba Closed-End Funds ETF Stock Performance

CEFS stock opened at $22.71 on Monday. The firm has a 50 day moving average price of $22.54 and a 200-day moving average price of $21.92. Saba Closed-End Funds ETF has a 52-week low of $18.59 and a 52-week high of $22.70. The firm has a market capitalization of $302.04 million, a price-to-earnings ratio of 21.88 and a beta of 0.72.

Saba Closed-End Funds ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were issued a $0.14 dividend. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date was Monday, September 29th.

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.