Saba Closed-End Funds ETF $CEFS Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its stake in Saba Closed-End Funds ETF (BATS:CEFS) by 9,861.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 316,162 shares of the company’s stock after purchasing an additional 312,988 shares during the quarter. Farther Finance Advisors LLC owned about 2.38% of Saba Closed-End Funds ETF worth $7,284,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CEFS. Private Advisor Group LLC increased its holdings in shares of 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 valued at $305,000 after purchasing an additional 3,055 shares during the last quarter. Certior Financial Group LLC acquired a new stake in shares of Saba Closed-End Funds ETF in the third quarter valued at approximately $318,000. Tidal Investments LLC acquired a new stake in shares of Saba Closed-End Funds ETF in the second quarter valued at approximately $481,000. Advisor OS LLC increased its holdings in shares of Saba Closed-End Funds ETF by 12.3% in the third quarter. Advisor OS LLC now owns 23,278 shares of the company’s stock valued at $530,000 after purchasing an additional 2,550 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of 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 purchasing an additional 1,999 shares during the last quarter.

Saba Closed-End Funds ETF Stock Performance

BATS:CEFS opened at $24.06 on Friday. Saba Closed-End Funds ETF has a one year low of $20.04 and a one year high of $24.08. The stock has a market cap of $320.00 million, a PE ratio of 21.88 and a beta of 0.72. The stock has a 50 day moving average price of $23.06 and a 200 day moving average price of $22.92.

Saba Closed-End Funds ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) annualized dividend and a yield of 7.0%.

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