Fort Point Capital Partners LLC Takes $760,000 Position in Saba Closed-End Funds ETF $CEFS

Fort Point Capital Partners LLC acquired a new stake in Saba Closed-End Funds ETF (BATS:CEFS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 32,778 shares of the company’s stock, valued at approximately $760,000. Fort Point Capital Partners LLC owned about 0.25% of Saba Closed-End Funds ETF as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CEFS. NBC Securities Inc. lifted its position in shares of Saba Closed-End Funds ETF by 14.6% in the fourth quarter. NBC Securities Inc. now owns 6,440 shares of the company’s stock valued at $148,000 after buying an additional 821 shares during the last quarter. Anfield Capital Management LLC lifted its holdings in Saba Closed-End Funds ETF by 32.1% during the 4th quarter. Anfield Capital Management LLC now owns 7,429 shares of the company’s stock worth $171,000 after purchasing an additional 1,806 shares during the last quarter. Encompass More Asset Management acquired a new stake in Saba Closed-End Funds ETF during the 4th quarter worth approximately $216,000. Closed End Fund Advisors Inc. acquired a new stake in Saba Closed-End Funds ETF during the 4th quarter worth approximately $241,000. Finally, Novem Group lifted its holdings in Saba Closed-End Funds ETF by 25.8% during the 4th quarter. Novem Group now owns 12,190 shares of the company’s stock worth $281,000 after purchasing an additional 2,500 shares during the last quarter.

Saba Closed-End Funds ETF Trading Up 0.6%

BATS:CEFS opened at $25.46 on Friday. The stock has a market cap of $338.62 million, a P/E ratio of 21.88 and a beta of 0.72. The stock has a 50 day simple moving average of $24.57 and a 200 day simple moving average of $23.52. Saba Closed-End Funds ETF has a 1-year low of $21.85 and a 1-year high of $25.67.

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.