Saba Closed-End Funds ETF $CEFS Shares Purchased by XML Financial LLC

XML Financial LLC grew its holdings in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 21.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 231,780 shares of the company’s stock after purchasing an additional 40,453 shares during the period. XML Financial LLC owned 1.74% of Saba Closed-End Funds ETF worth $5,227,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CEFS. SHP Wealth Management acquired a new position in shares of Saba Closed-End Funds ETF in the 4th quarter valued at about $43,000. NBC Securities Inc. boosted its stake in 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 acquiring an additional 821 shares during the period. Anfield Capital Management LLC boosted its stake in Saba Closed-End Funds ETF by 32.1% in the fourth quarter. Anfield Capital Management LLC now owns 7,429 shares of the company’s stock valued at $171,000 after acquiring an additional 1,806 shares during the period. Encompass More Asset Management acquired a new position in Saba Closed-End Funds ETF in the fourth quarter valued at approximately $216,000. Finally, Closed End Fund Advisors Inc. bought a new position in shares of Saba Closed-End Funds ETF during the fourth quarter valued at approximately $241,000.

Saba Closed-End Funds ETF Stock Performance

Shares of Saba Closed-End Funds ETF stock opened at $25.75 on Monday. The business’s 50 day simple moving average is $24.84 and its 200-day simple moving average is $23.63. The stock has a market capitalization of $342.48 million, a price-to-earnings ratio of 21.88 and a beta of 0.72. Saba Closed-End Funds ETF has a twelve month low of $21.85 and a twelve month high of $25.98.

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.