Envestnet Asset Management Inc. Has $6.08 Million Stock Holdings in Saba Closed-End Funds ETF $CEFS

Envestnet Asset Management Inc. lifted its stake in Saba Closed-End Funds ETF (BATS:CEFS) by 11.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 266,958 shares of the company’s stock after purchasing an additional 27,392 shares during the quarter. Envestnet Asset Management Inc. owned 2.01% of Saba Closed-End Funds ETF worth $6,079,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in shares of Saba Closed-End Funds ETF by 310.5% in the first quarter. Royal Bank of Canada now owns 124,181 shares of the company’s stock worth $2,649,000 after buying an additional 93,930 shares during the period. NewEdge Advisors LLC lifted its position in shares of Saba Closed-End Funds ETF by 8.6% in the 1st 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 in the last quarter. Amplius Wealth Advisors LLC boosted its stake in Saba Closed-End Funds ETF by 2.0% in the 2nd quarter. Amplius Wealth Advisors LLC now owns 26,714 shares of the company’s stock worth $594,000 after purchasing an additional 512 shares during the period. Rovin Capital UT ADV grew its position in Saba Closed-End Funds ETF by 1.6% during the 2nd quarter. Rovin Capital UT ADV now owns 59,912 shares of the company’s stock worth $1,332,000 after purchasing an additional 970 shares in the last quarter. Finally, Allworth Financial LP acquired a new stake in Saba Closed-End Funds ETF during the 2nd quarter valued at $62,000.

Saba Closed-End Funds ETF Stock Up 0.2%

Shares of Saba Closed-End Funds ETF stock opened at $23.47 on Friday. Saba Closed-End Funds ETF has a 12 month low of $18.59 and a 12 month high of $23.64. The stock has a market cap of $312.15 million, a PE ratio of 21.88 and a beta of 0.72. The business has a fifty day simple moving average of $23.12 and a 200-day simple moving average of $22.82.

Saba Closed-End Funds ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 28th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, January 28th. This represents a c) dividend on an annualized basis and a yield of 7.2%.

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. CEFS was launched on Mar 21, 2017 and is managed by Saba.