Rivernorth Capital Management LLC Cuts Position in Saba Closed-End Funds ETF (BATS:CEFS)

Rivernorth Capital Management LLC reduced its stake in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 79.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,200 shares of the company’s stock after selling 208,210 shares during the quarter. Rivernorth Capital Management LLC owned approximately 0.60% of Saba Closed-End Funds ETF worth $1,228,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC purchased a new position in Saba Closed-End Funds ETF in the third quarter worth $36,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Saba Closed-End Funds ETF in the 3rd quarter worth $44,000. Anfield Capital Management LLC purchased a new position in Saba Closed-End Funds ETF during the 2nd quarter worth $64,000. NBC Securities Inc. increased its position in Saba Closed-End Funds ETF by 62.4% during the 3rd quarter. NBC Securities Inc. now owns 3,827 shares of the company’s stock valued at $85,000 after buying an additional 1,470 shares in the last quarter. Finally, Calton & Associates Inc. purchased a new stake in Saba Closed-End Funds ETF in the third quarter valued at about $201,000.

Saba Closed-End Funds ETF Stock Performance

Shares of CEFS stock opened at $22.31 on Friday. Saba Closed-End Funds ETF has a fifty-two week low of $19.83 and a fifty-two week high of $22.14. The firm has a market capitalization of $206.37 million, a price-to-earnings ratio of 18.35 and a beta of 0.72. The stock’s 50-day simple moving average is $22.20 and its 200-day simple moving average is $21.68.

Saba Closed-End Funds ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 25th were given a dividend of $0.14 per share. The ex-dividend date was Monday, November 25th.

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.