NBC Securities Inc. Boosts Stake in Saba Closed-End Funds ETF (BATS:CEFS)

NBC Securities Inc. increased its stake in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 101,125.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,049 shares of the company’s stock after purchasing an additional 4,045 shares during the period. NBC Securities Inc.’s holdings in Saba Closed-End Funds ETF were worth $86,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. AdvisorNet Financial Inc acquired a new stake in Saba Closed-End Funds ETF during the 1st quarter worth approximately $2,444,000. Quent Capital LLC acquired a new stake in Saba Closed-End Funds ETF during the 1st quarter worth $61,000. Wealth Enhancement Advisory Services LLC raised its stake in Saba Closed-End Funds ETF by 4.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 61,358 shares of the company’s stock worth $1,314,000 after acquiring an additional 2,827 shares in the last quarter. Visionary Wealth Advisors grew its position in Saba Closed-End Funds ETF by 46.2% during the 4th quarter. Visionary Wealth Advisors now owns 59,416 shares of the company’s stock worth $1,273,000 after purchasing an additional 18,775 shares during the last quarter. Finally, Private Capital Management LLC purchased a new position in Saba Closed-End Funds ETF during the 4th quarter worth $849,000.

Saba Closed-End Funds ETF Stock Performance

Shares of Saba Closed-End Funds ETF stock opened at $22.20 on Wednesday. The company has a market capitalization of $288.54 million, a P/E ratio of 21.88 and a beta of 0.72. The company’s fifty day moving average is $21.13 and its two-hundred day moving average is $21.68. Saba Closed-End Funds ETF has a 1 year low of $18.59 and a 1 year high of $22.70.

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.