Penserra Capital Management LLC Invests $4.78 Million in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Penserra Capital Management LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 561,771 shares of the company’s stock, valued at approximately $4,780,000. Penserra Capital Management LLC owned about 1.75% of Saba Capital Income & Opportunities Fund II as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in shares of Saba Capital Income & Opportunities Fund II by 751.0% during the third quarter. International Assets Investment Management LLC now owns 4,255 shares of the company’s stock worth $36,000 after buying an additional 3,755 shares during the last quarter. Gilman Hill Asset Management LLC acquired a new position in Saba Capital Income & Opportunities Fund II during the 3rd quarter valued at $85,000. Family Firm Inc. bought a new stake in Saba Capital Income & Opportunities Fund II in the 2nd quarter valued at $83,000. HB Wealth Management LLC acquired a new stake in Saba Capital Income & Opportunities Fund II in the 2nd quarter worth $98,000. Finally, Patron Partners LLC acquired a new stake in Saba Capital Income & Opportunities Fund II in the 2nd quarter worth $144,000. Institutional investors own 22.22% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. sold 4,453 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $8.46, for a total transaction of $37,672.38. Following the completion of the transaction, the insider now directly owns 3,450,271 shares of the company’s stock, valued at approximately $29,189,292.66. This trade represents a 0.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 180,112 shares of company stock worth $1,523,150. 5.62% of the stock is currently owned by company insiders.

Saba Capital Income & Opportunities Fund II Stock Down 0.1 %

Shares of SABA opened at $8.69 on Monday. The company has a 50-day simple moving average of $8.56 and a 200-day simple moving average of $8.17. Saba Capital Income & Opportunities Fund II has a 52 week low of $7.28 and a 52 week high of $8.75.

Saba Capital Income & Opportunities Fund II Announces Dividend

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

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.