Columbus Macro LLC Raises Stock Position in Saba Closed-End Funds ETF $CEFS

Columbus Macro LLC boosted its holdings in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 3,216.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 246,616 shares of the company’s stock after purchasing an additional 239,180 shares during the period. Columbus Macro LLC owned about 1.85% of Saba Closed-End Funds ETF worth $5,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CEFS. Royal Bank of Canada raised its stake in shares of Saba Closed-End Funds ETF by 310.5% during the 1st quarter. Royal Bank of Canada now owns 124,181 shares of the company’s stock valued at $2,649,000 after buying an additional 93,930 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Saba Closed-End Funds ETF by 49.0% in the second quarter. Raymond James Financial Inc. now owns 263,270 shares of the company’s stock worth $5,855,000 after buying an additional 86,527 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in Saba Closed-End Funds ETF by 45.9% during the third quarter. AdvisorNet Financial Inc now owns 194,168 shares of the company’s stock worth $4,421,000 after acquiring an additional 61,084 shares during the period. New England Private Wealth Advisors LLC grew its holdings in Saba Closed-End Funds ETF by 13.8% during the third quarter. New England Private Wealth Advisors LLC now owns 358,330 shares of the company’s stock worth $8,159,000 after acquiring an additional 43,317 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in Saba Closed-End Funds ETF by 50.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 111,235 shares of the company’s stock valued at $2,527,000 after acquiring an additional 37,058 shares in the last quarter.

Saba Closed-End Funds ETF Stock Performance

Shares of BATS:CEFS opened at $22.16 on Monday. Saba Closed-End Funds ETF has a 12-month low of $18.59 and a 12-month high of $23.65. The company has a market capitalization of $294.73 million, a PE ratio of 21.88 and a beta of 0.72. The business has a 50 day moving average of $23.05 and a two-hundred day moving average of $22.88.

Saba Closed-End Funds ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.14 per share. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend was Wednesday, February 25th.

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.