Blue Bell Private Wealth Management LLC Takes Position in Saba Capital Income & Opportunities Fund II (NYSEARCA:SABA)

Blue Bell Private Wealth Management LLC purchased a new position in Saba Capital Income & Opportunities Fund II (NYSEARCA:SABA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 65,550 shares of the company’s stock, valued at approximately $511,000. Blue Bell Private Wealth Management LLC owned approximately 0.20% of Saba Capital Income & Opportunities Fund II at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fiera Capital Corp purchased a new stake in Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at $797,000. Farther Finance Advisors LLC bought a new stake in Saba Capital Income & Opportunities Fund II in the 2nd quarter worth about $521,000. Nations Financial Group Inc. IA ADV purchased a new position in Saba Capital Income & Opportunities Fund II in the 2nd quarter worth about $253,000. HB Wealth Management LLC bought a new position in Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at about $98,000. Finally, Avion Wealth bought a new position in Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at about $338,000. 22.22% of the stock is owned by hedge funds and other institutional investors.

Saba Capital Income & Opportunities Fund II Trading Down 0.6 %

Shares of SABA stock opened at $8.47 on Friday. The company has a 50 day moving average price of $8.18 and a 200-day moving average price of $7.80. Saba Capital Income & Opportunities Fund II has a 52 week low of $7.28 and a 52 week high of $8.65.

Saba Capital Income & Opportunities Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be given a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 8.22%. The ex-dividend date of this dividend is Tuesday, September 10th.

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.