Landscape Capital Management L.L.C. Has $1.27 Million Stake in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Landscape Capital Management L.L.C. lowered its stake in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) by 52.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 149,486 shares of the company’s stock after selling 163,758 shares during the period. Landscape Capital Management L.L.C. owned approximately 0.46% of Saba Capital Income & Opportunities Fund II worth $1,272,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Fiera Capital Corp lifted its position in Saba Capital Income & Opportunities Fund II by 235.2% in the third quarter. Fiera Capital Corp now owns 342,605 shares of the company’s stock worth $2,916,000 after purchasing an additional 240,405 shares during the period. Hara Capital LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II during the 3rd quarter worth about $2,997,000. Shaker Financial Services LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund II during the 3rd quarter valued at about $1,304,000. Catalina Capital Group LLC increased its stake in Saba Capital Income & Opportunities Fund II by 62.0% in the third quarter. Catalina Capital Group LLC now owns 46,320 shares of the company’s stock valued at $394,000 after acquiring an additional 17,725 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Saba Capital Income & Opportunities Fund II in the third quarter worth about $163,000. 22.22% of the stock is owned by institutional investors and hedge funds.

Saba Capital Income & Opportunities Fund II Stock Down 0.1 %

NYSE SABA opened at $8.69 on Friday. Saba Capital Income & Opportunities Fund II has a 1-year low of $7.28 and a 1-year high of $8.75. The stock’s 50 day moving average is $8.55 and its two-hundred day moving average is $8.16.

Saba Capital Income & Opportunities Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 11th will be paid a $0.058 dividend. This represents a $0.70 annualized dividend and a yield of 8.01%. The ex-dividend date of this dividend is Friday, November 8th.

Insider Activity at Saba Capital Income & Opportunities Fund II

In related news, major shareholder Saba Capital Management, L.P. sold 70,046 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $8.38, for a total transaction of $586,985.48. Following the completion of the sale, the insider now owns 3,346,812 shares in the company, valued at $28,046,284.56. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 180,112 shares of company stock valued at $1,523,150 in the last 90 days. 5.62% of the stock is owned by corporate insiders.

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.