Abel Hall LLC Purchases New Position in Saba Capital Income & Opportunities Fund II $SABA

Abel Hall LLC purchased a new stake in Saba Capital Income & Opportunities Fund II (NYSE:SABA) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 10,000 shares of the company’s stock, valued at approximately $92,000.

Several other large investors have also added to or reduced their stakes in SABA. Thomas J. Herzfeld Advisors Inc. lifted its position in shares of Saba Capital Income & Opportunities Fund II by 18.4% during the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,701,210 shares of the company’s stock worth $14,801,000 after buying an additional 264,620 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its position in shares of Saba Capital Income & Opportunities Fund II by 17.7% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 891,607 shares of the company’s stock worth $7,846,000 after buying an additional 134,310 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Saba Capital Income & Opportunities Fund II by 27.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 889,377 shares of the company’s stock worth $7,738,000 after buying an additional 190,886 shares in the last quarter. Scotia Capital Inc. lifted its position in shares of Saba Capital Income & Opportunities Fund II by 19.1% during the 1st quarter. Scotia Capital Inc. now owns 274,595 shares of the company’s stock worth $2,389,000 after buying an additional 44,116 shares in the last quarter. Finally, Shaker Financial Services LLC lifted its position in shares of Saba Capital Income & Opportunities Fund II by 41.0% during the 1st quarter. Shaker Financial Services LLC now owns 252,519 shares of the company’s stock worth $2,197,000 after buying an additional 73,410 shares in the last quarter. Institutional investors own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Price Performance

Saba Capital Income & Opportunities Fund II stock opened at $9.14 on Thursday. Saba Capital Income & Opportunities Fund II has a 52 week low of $7.72 and a 52 week high of $9.46. The company’s 50 day moving average price is $9.22 and its two-hundred day moving average price is $8.93.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently declared a oct 25 dividend, which will be paid on Friday, October 31st. Stockholders of record on Thursday, October 9th will be paid a dividend of $0.085 per share. The ex-dividend date is Thursday, October 9th. This represents a dividend yield of 762.0%.

Saba Capital Income & Opportunities Fund II Profile

Saba Capital Income & Opportunities Fund II is a closed-ended fixed income mutual fund launched and managed by Saba Capital Management, L.P. The fund invests in fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P.