Mutual Advisors LLC Lowers Stock Position in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Mutual Advisors LLC trimmed its holdings in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,585 shares of the company’s stock after selling 4,645 shares during the quarter. Mutual Advisors LLC’s holdings in Saba Capital Income & Opportunities Fund II were worth $1,259,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC increased its holdings in shares of Saba Capital Income & Opportunities Fund II by 751.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,255 shares of the company’s stock valued at $36,000 after acquiring an additional 3,755 shares during the period. Gilman Hill Asset Management LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II in the third quarter valued at about $85,000. Janney Montgomery Scott LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II in the fourth quarter valued at about $131,000. Garden State Investment Advisory Services LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund II during the third quarter worth about $138,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund II during the third quarter worth about $163,000. Institutional investors own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Trading Up 1.6 %

Shares of NYSE:SABA opened at $9.15 on Friday. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.28 and a twelve month high of $9.24. The company’s 50 day moving average is $8.96 and its 200 day moving average is $8.60.

Saba Capital Income & Opportunities Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be issued a dividend of $0.058 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.70 annualized dividend and a dividend yield of 7.61%.

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.