Saba Capital Income & Opportunities Fund II (NYSE:SABA) Stock Holdings Lifted by Thomas J. Herzfeld Advisors Inc.

Thomas J. Herzfeld Advisors Inc. lifted its stake in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) by 152.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,436,590 shares of the company’s stock after purchasing an additional 866,503 shares during the period. Saba Capital Income & Opportunities Fund II accounts for about 4.2% of Thomas J. Herzfeld Advisors Inc.’s portfolio, making the stock its 4th largest holding. Thomas J. Herzfeld Advisors Inc.’s holdings in Saba Capital Income & Opportunities Fund II were worth $13,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Rivernorth Capital Management LLC boosted its stake in Saba Capital Income & Opportunities Fund II by 37.5% during the third quarter. Rivernorth Capital Management LLC now owns 4,575,754 shares of the company’s stock worth $38,940,000 after buying an additional 1,246,847 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the 3rd quarter worth $5,836,000. Noble Wealth Management PBC acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the 4th quarter valued at about $151,000. Choreo LLC grew its holdings in shares of Saba Capital Income & Opportunities Fund II by 74.9% in the fourth quarter. Choreo LLC now owns 200,876 shares of the company’s stock valued at $1,813,000 after purchasing an additional 86,036 shares during the period. Finally, Independent Advisor Alliance increased its position in Saba Capital Income & Opportunities Fund II by 9.1% during the fourth quarter. Independent Advisor Alliance now owns 81,650 shares of the company’s stock worth $740,000 after purchasing an additional 6,825 shares during the last quarter. 22.22% of the stock is currently owned by hedge funds and other institutional investors.

Saba Capital Income & Opportunities Fund II Trading Down 0.1 %

NYSE:SABA opened at $8.74 on Tuesday. The company’s 50-day moving average is $9.02 and its two-hundred day moving average is $8.84. Saba Capital Income & Opportunities Fund II has a 1-year low of $7.40 and a 1-year high of $9.43.

Saba Capital Income & Opportunities Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 11th were issued a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 7.96%. The ex-dividend date of this dividend was Tuesday, March 11th.

Saba Capital Income & Opportunities Fund II 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.