Rock Point Advisors LLC Makes New $162,000 Investment in Saba Capital Income & Opportunities Fund II (NYSEARCA:SABA)

Rock Point Advisors LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund II (NYSEARCA:SABA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,738 shares of the company’s stock, valued at approximately $162,000. Rock Point Advisors LLC owned about 0.06% of Saba Capital Income & Opportunities Fund II at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SABA. Envestnet Asset Management Inc. purchased a new position in Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at $2,833,000. Fiera Capital Corp bought a new stake in shares of Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at about $797,000. Prevail Innovative Wealth Advisors LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the second quarter valued at about $768,000. Choreo LLC bought a new position in Saba Capital Income & Opportunities Fund II in the second quarter worth about $701,000. Finally, Farther Finance Advisors LLC purchased a new stake in Saba Capital Income & Opportunities Fund II in the second quarter worth about $521,000. 22.22% of the stock is currently owned by hedge funds and other institutional investors.

Saba Capital Income & Opportunities Fund II Trading Up 0.1 %

SABA stock opened at $8.37 on Friday. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.28 and a fifty-two week high of $8.65. The business’s 50 day moving average price is $8.25 and its two-hundred day moving average price is $7.83.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be paid a $0.058 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.70 annualized dividend and a yield of 8.32%.

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.