Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) Trading Down 0.3% – Time to Sell?

Shares of Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) fell 0.3% on Friday . The stock traded as low as $7.72 and last traded at $7.75. 163,932 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 325,095 shares. The stock had previously closed at $7.77.

Saba Capital Income & Opportunities Fund Price Performance

The firm’s fifty day moving average price is $7.76 and its 200 day moving average price is $7.51.

Saba Capital Income & Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be issued a $0.085 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 13.16%.

Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund

Large investors have recently added to or reduced their stakes in the company. Marks Group Wealth Management Inc lifted its position in Saba Capital Income & Opportunities Fund by 0.7% during the third quarter. Marks Group Wealth Management Inc now owns 185,636 shares of the company’s stock valued at $1,409,000 after acquiring an additional 1,380 shares during the last quarter. Peak Financial Advisors LLC boosted its position in shares of Saba Capital Income & Opportunities Fund by 6.4% in the 3rd quarter. Peak Financial Advisors LLC now owns 61,148 shares of the company’s stock worth $464,000 after purchasing an additional 3,655 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in Saba Capital Income & Opportunities Fund by 3.2% during the 4th quarter. Chicago Partners Investment Group LLC now owns 156,451 shares of the company’s stock worth $1,225,000 after buying an additional 4,894 shares during the last quarter. Sea Otter Advisors LLC acquired a new position in Saba Capital Income & Opportunities Fund during the 2nd quarter valued at about $35,000. Finally, SeaCrest Wealth Management LLC raised its stake in Saba Capital Income & Opportunities Fund by 13.3% in the third quarter. SeaCrest Wealth Management LLC now owns 48,502 shares of the company’s stock valued at $368,000 after buying an additional 5,695 shares during the last quarter.

Saba Capital Income & Opportunities Fund Company Profile

Saba Capital Income & Opportunities Fund is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is managed by Saba Capital Management, L.P. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.