Janney Montgomery Scott LLC Makes New $131,000 Investment in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Janney Montgomery Scott LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) in the 4th quarter, Holdings Channel reports. The firm purchased 14,490 shares of the company’s stock, valued at approximately $131,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its position in shares of Saba Capital Income & Opportunities Fund II by 729.4% during the 3rd quarter. Private Advisor Group LLC now owns 84,148 shares of the company’s stock worth $716,000 after buying an additional 74,002 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Saba Capital Income & Opportunities Fund II by 751.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,255 shares of the company’s stock worth $36,000 after buying an additional 3,755 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Saba Capital Income & Opportunities Fund II during the 3rd quarter worth approximately $163,000. Catalina Capital Group LLC raised its position in Saba Capital Income & Opportunities Fund II by 62.0% in the 3rd quarter. Catalina Capital Group LLC now owns 46,320 shares of the company’s stock valued at $394,000 after purchasing an additional 17,725 shares during the last quarter. Finally, Shaker Financial Services LLC purchased a new stake in Saba Capital Income & Opportunities Fund II in the 3rd quarter valued at $1,304,000. Institutional investors and hedge funds own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Trading Up 0.2 %

SABA stock opened at $9.19 on Friday. The company has a fifty day moving average price of $9.07 and a 200 day moving average price of $8.71. Saba Capital Income & Opportunities Fund II has a 12 month low of $7.28 and a 12 month high of $9.43.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.058 per share. The ex-dividend date is Tuesday, February 11th. This represents a $0.70 dividend on an annualized basis and a yield of 7.57%.

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.