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

Saba Capital Income & Opportunities Fund II (NYSE:SABA) announced a monthly dividend on Friday, May 29th. Stockholders of record on Tuesday, June 9th will be given a dividend of 0.058 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Tuesday, June 9th.

Saba Capital Income & Opportunities Fund II Price Performance

Saba Capital Income & Opportunities Fund II stock opened at $8.35 on Friday. Saba Capital Income & Opportunities Fund II has a 52-week low of $7.96 and a 52-week high of $9.46. The firm has a fifty day moving average of $8.43 and a 200-day moving average of $8.36.

Institutional Investors Weigh In On Saba Capital Income & Opportunities Fund II

Several large investors have recently made changes to their positions in the business. Walleye Capital LLC increased its position in shares of Saba Capital Income & Opportunities Fund II by 6.2% in the second quarter. Walleye Capital LLC now owns 25,011 shares of the company’s stock worth $230,000 after acquiring an additional 1,468 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Saba Capital Income & Opportunities Fund II by 0.7% in the fourth quarter. Advisors Asset Management Inc. now owns 261,272 shares of the company’s stock worth $2,155,000 after acquiring an additional 1,857 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Saba Capital Income & Opportunities Fund II by 2.9% in the second quarter. Raymond James Financial Inc. now owns 71,402 shares of the company’s stock worth $656,000 after acquiring an additional 1,997 shares in the last quarter. Gilman Hill Asset Management LLC increased its position in shares of Saba Capital Income & Opportunities Fund II by 16.7% in the fourth quarter. Gilman Hill Asset Management LLC now owns 17,500 shares of the company’s stock worth $144,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Saba Capital Income & Opportunities Fund II by 11.8% in the second quarter. Cetera Investment Advisers now owns 29,468 shares of the company’s stock worth $271,000 after acquiring an additional 3,118 shares in the last quarter. Institutional investors and hedge funds 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.