Patron Partners LLC Buys Shares of 18,490 Saba Capital Income & Opportunities Fund II (NYSEARCA:SABA)

Patron Partners LLC purchased a new stake in shares of Saba Capital Income & Opportunities Fund II (NYSEARCA:SABA) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,490 shares of the company’s stock, valued at approximately $144,000. Patron Partners LLC owned approximately 0.06% of Saba Capital Income & Opportunities Fund II at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Melfa Wealth Management Inc. acquired a new stake in Saba Capital Income & Opportunities Fund II during the 2nd quarter worth approximately $188,000. Family Firm Inc. acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the second quarter worth $83,000. Avion Wealth bought a new stake in shares of Saba Capital Income & Opportunities Fund II in the second quarter worth $338,000. HB Wealth Management LLC acquired a new stake in Saba Capital Income & Opportunities Fund II in the second quarter valued at $98,000. Finally, Nations Financial Group Inc. IA ADV bought a new position in Saba Capital Income & Opportunities Fund II during the 2nd quarter worth $253,000. 22.22% of the stock is currently owned by institutional investors.

Saba Capital Income & Opportunities Fund II Stock Performance

Shares of NYSEARCA:SABA traded down $0.07 during mid-day trading on Friday, hitting $8.40. The company had a trading volume of 54,301 shares, compared to its average volume of 121,291. Saba Capital Income & Opportunities Fund II has a one year low of $7.28 and a one year high of $8.65. The firm has a fifty day moving average price of $8.19 and a 200 day moving average price of $7.80.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.058 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.70 annualized dividend and a dividend yield of 8.29%.

Saba Capital Income & Opportunities Fund II Company 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.