Grimes & Company Inc. Grows Stock Position in Saba Closed-End Funds ETF (BATS:CEFS)

Grimes & Company Inc. raised its stake in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 27.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 30,273 shares of the company’s stock after buying an additional 6,550 shares during the period. Grimes & Company Inc. owned about 0.33% of Saba Closed-End Funds ETF worth $648,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CEFS. Stifel Financial Corp purchased a new position in shares of Saba Closed-End Funds ETF in the 3rd quarter valued at about $225,000. Oppenheimer & Co. Inc. increased its stake in shares of Saba Closed-End Funds ETF by 14.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 62,061 shares of the company’s stock valued at $1,381,000 after purchasing an additional 8,045 shares in the last quarter. Foundations Investment Advisors LLC increased its stake in shares of Saba Closed-End Funds ETF by 12.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 217,417 shares of the company’s stock valued at $4,838,000 after purchasing an additional 24,350 shares in the last quarter. XML Financial LLC increased its stake in shares of Saba Closed-End Funds ETF by 79.1% in the 3rd quarter. XML Financial LLC now owns 32,026 shares of the company’s stock valued at $713,000 after purchasing an additional 14,141 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Saba Closed-End Funds ETF by 36.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 58,531 shares of the company’s stock valued at $1,302,000 after purchasing an additional 15,517 shares in the last quarter.

Saba Closed-End Funds ETF Stock Up 1.8 %

Shares of Saba Closed-End Funds ETF stock opened at $22.41 on Friday. Saba Closed-End Funds ETF has a twelve month low of $19.83 and a twelve month high of $22.14. The business has a 50-day moving average price of $22.05 and a 200 day moving average price of $21.87. The firm has a market cap of $207.25 million, a PE ratio of 18.35 and a beta of 0.72.

Saba Closed-End Funds ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 30th were paid a dividend of $0.2197 per share. This is a positive change from Saba Closed-End Funds ETF’s previous dividend of $0.14. The ex-dividend date was Monday, December 30th.

About Saba Closed-End Funds ETF

The Saba Closed-End Funds ETF (CEFS) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that seeks to generate high income by investing in closed-end funds trading at a discount to net asset value and hedging for duration risk.