AdvisorNet Financial Inc Buys 81,559 Shares of Saba Closed-End Funds ETF $CEFS

AdvisorNet Financial Inc raised its position in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 42.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 275,727 shares of the company’s stock after purchasing an additional 81,559 shares during the quarter. AdvisorNet Financial Inc owned approximately 2.07% of Saba Closed-End Funds ETF worth $6,353,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. bought a new position in Saba Closed-End Funds ETF during the second quarter worth $249,000. Private Advisor Group LLC increased its holdings in Saba Closed-End Funds ETF by 29.5% in the third quarter. Private Advisor Group LLC now owns 13,395 shares of the company’s stock worth $305,000 after purchasing an additional 3,055 shares in the last quarter. Certior Financial Group LLC bought a new stake in Saba Closed-End Funds ETF in the third quarter worth approximately $318,000. StoneX Group Inc. lifted its stake in Saba Closed-End Funds ETF by 55.1% in the second quarter. StoneX Group Inc. now owns 18,315 shares of the company’s stock valued at $407,000 after buying an additional 6,503 shares during the period. Finally, Tidal Investments LLC bought a new position in shares of Saba Closed-End Funds ETF during the 2nd quarter worth approximately $481,000.

Saba Closed-End Funds ETF Price Performance

Shares of CEFS stock opened at $22.74 on Friday. The company has a market cap of $302.44 million, a price-to-earnings ratio of 21.88 and a beta of 0.72. Saba Closed-End Funds ETF has a 52 week low of $18.59 and a 52 week high of $23.65. The firm has a 50 day moving average of $23.00 and a 200-day moving average of $22.88.

Saba Closed-End Funds ETF Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Wednesday, February 25th. This represents a c) annualized dividend and a dividend 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. CEFS was launched on Mar 21, 2017 and is managed by Saba.