Saba Capital Income & Opportunities Fund II (NYSE:SABA) Major Shareholder Sells $37,672.38 in Stock

Saba Capital Income & Opportunities Fund II (NYSE:SABA) major shareholder Saba Capital Management, L.P. sold 4,453 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $8.46, for a total value of $37,672.38. Following the completion of the transaction, the insider now owns 3,450,271 shares of the company’s stock, valued at $29,189,292.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Wednesday, September 25th, Saba Capital Management, L.P. sold 70,046 shares of Saba Capital Income & Opportunities Fund II stock. The stock was sold at an average price of $8.38, for a total transaction of $586,985.48.

Saba Capital Income & Opportunities Fund II Price Performance

SABA opened at $8.37 on Friday. The company has a fifty day moving average of $8.35 and a 200 day moving average of $7.88. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.28 and a fifty-two week high of $8.65.

Saba Capital Income & Opportunities Fund II Dividend Announcement

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

Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in Saba Capital Income & Opportunities Fund II in the 2nd quarter worth approximately $83,000. HB Wealth Management LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the second quarter valued at $98,000. Patron Partners LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the second quarter valued at $144,000. Rock Point Advisors LLC bought a new stake in Saba Capital Income & Opportunities Fund II in the second quarter worth $162,000. Finally, Melfa Wealth Management Inc. purchased a new stake in Saba Capital Income & Opportunities Fund II during the second quarter valued at $188,000. 22.22% of the stock is owned by institutional investors.

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.