Saba Capital Income & Opportunities Fund II (NYSE:SABA) Major Shareholder Saba Capital Management, L.P. Sells 19,532 Shares

Saba Capital Income & Opportunities Fund II (NYSE:SABA) major shareholder Saba Capital Management, L.P. sold 19,532 shares of Saba Capital Income & Opportunities Fund II stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $8.50, for a total transaction of $166,022.00. Following the completion of the sale, the insider now owns 3,243,069 shares of the company’s stock, valued at approximately $27,566,086.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more 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 Monday, September 30th, Saba Capital Management, L.P. sold 1,601 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.51, for a total transaction of $13,624.51.
• 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.
• On Monday, September 23rd, Saba Capital Management, L.P. sold 4,453 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.46, for a total value of $37,672.38.

Saba Capital Income & Opportunities Fund II Trading Up 0.5 %

Shares of SABA opened at $8.59 on Friday. Saba Capital Income & Opportunities Fund II has a 52 week low of $7.28 and a 52 week high of $8.65. The stock has a 50 day moving average of $8.41 and a 200-day moving average of $7.92.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.058 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $0.70 annualized dividend and a yield of 8.10%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Family Firm Inc. bought a new stake in shares of Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at about $83,000. HB Wealth Management LLC acquired a new position in Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at approximately $98,000. Patron Partners LLC acquired a new position in Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at approximately $144,000. Rock Point Advisors LLC acquired a new stake in Saba Capital Income & Opportunities Fund II in the second quarter worth $162,000. Finally, Melfa Wealth Management Inc. acquired a new stake in Saba Capital Income & Opportunities Fund II in the second quarter worth $188,000. 22.22% of the stock is currently 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.