Wealth Enhancement Advisory Services LLC Raises Stock Position in Saba Closed-End Funds ETF (BATS:CEFS)

Wealth Enhancement Advisory Services LLC boosted its stake in Saba Closed-End Funds ETF (BATS:CEFS) by 12.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,728 shares of the company’s stock after purchasing an additional 7,370 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Saba Closed-End Funds ETF were worth $1,466,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake in shares of Saba Closed-End Funds ETF by 36.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,220 shares of the company’s stock worth $48,000 after buying an additional 590 shares during the last quarter. Amplius Wealth Advisors LLC boosted its position in Saba Closed-End Funds ETF by 3.6% in the first quarter. Amplius Wealth Advisors LLC now owns 26,202 shares of the company’s stock worth $559,000 after purchasing an additional 902 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Saba Closed-End Funds ETF by 12.7% during the 4th quarter. Stifel Financial Corp now owns 11,411 shares of the company’s stock valued at $244,000 after purchasing an additional 1,284 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Saba Closed-End Funds ETF by 4.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 64,656 shares of the company’s stock valued at $1,385,000 after purchasing an additional 2,595 shares during the last quarter. Finally, Quent Capital LLC purchased a new stake in shares of Saba Closed-End Funds ETF during the 1st quarter valued at about $61,000.

Saba Closed-End Funds ETF Trading Up 1.1%

CEFS opened at $22.25 on Tuesday. The company’s 50 day moving average is $21.71 and its 200 day moving average is $21.66. The company has a market cap of $295.93 million, a price-to-earnings ratio of 21.88 and a beta of 0.72. Saba Closed-End Funds ETF has a 12-month low of $18.59 and a 12-month 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.