Saba Capital Income & Opportunities Fund II (SABA) to Issue Monthly Dividend of $0.06 on January 30th

Saba Capital Income & Opportunities Fund II (NYSE:SABA) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Monday, January 12th will be given a dividend of 0.058 per share on Friday, January 30th. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date is Monday, January 12th.

Saba Capital Income & Opportunities Fund II Stock Performance

SABA opened at $8.36 on Friday. Saba Capital Income & Opportunities Fund II has a 1-year low of $7.72 and a 1-year high of $9.46. The firm has a 50-day moving average price of $8.61 and a two-hundred day moving average price of $8.96.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Gridiron Partners LLC boosted its position in Saba Capital Income & Opportunities Fund II by 596.0% in the 3rd quarter. Gridiron Partners LLC now owns 394,682 shares of the company’s stock valued at $3,599,000 after buying an additional 337,973 shares during the last quarter. Seven Mile Advisory bought a new stake in shares of Saba Capital Income & Opportunities Fund II during the third quarter worth $2,222,000. TrueMark Investments LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the third quarter valued at $1,897,000. Shaker Financial Services LLC boosted its holdings in Saba Capital Income & Opportunities Fund II by 55.2% in the third quarter. Shaker Financial Services LLC now owns 448,104 shares of the company’s stock valued at $4,087,000 after acquiring an additional 159,291 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its position in Saba Capital Income & Opportunities Fund II by 203.6% in the third quarter. Blue Bell Private Wealth Management LLC now owns 198,563 shares of the company’s stock worth $1,811,000 after purchasing an additional 133,163 shares during the period. Institutional investors own 22.22% of the company’s stock.

About Saba Capital Income & Opportunities Fund II

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. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.