Janney Montgomery Scott LLC Has $469,000 Stake in Saba Closed-End Funds ETF (BATS:CEFS)

Janney Montgomery Scott LLC reduced its position in Saba Closed-End Funds ETF (BATS:CEFS) by 23.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,000 shares of the company’s stock after selling 6,568 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Saba Closed-End Funds ETF were worth $469,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Citadel Advisors LLC boosted its stake in Saba Closed-End Funds ETF by 30.1% in the 4th quarter. Citadel Advisors LLC now owns 40,360 shares of the company’s stock valued at $865,000 after buying an additional 9,339 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Saba Closed-End Funds ETF by 4.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 61,358 shares of the company’s stock valued at $1,314,000 after purchasing an additional 2,827 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Saba Closed-End Funds ETF by 7.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 198,372 shares of the company’s stock valued at $4,249,000 after purchasing an additional 13,372 shares in the last quarter. Farther Finance Advisors LLC grew its holdings 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 purchasing an additional 590 shares during the last quarter. Finally, Napa Wealth Management grew its holdings in shares of Saba Closed-End Funds ETF by 29.7% in the 4th quarter. Napa Wealth Management now owns 56,396 shares of the company’s stock worth $1,208,000 after purchasing an additional 12,907 shares during the last quarter.

Saba Closed-End Funds ETF Stock Up 2.1%

Shares of CEFS stock opened at $22.46 on Friday. Saba Closed-End Funds ETF has a 12-month low of $18.59 and a 12-month high of $22.70. The company has a market capitalization of $298.65 million, a P/E ratio of 21.88 and a beta of 0.72. The firm has a 50-day moving average price of $21.81 and a 200 day moving average price of $21.67.

About Saba Closed-End Funds ETF

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.