Chicago Partners Investment Group LLC Cuts Holdings in Saba Closed-End Funds ETF (BATS:CEFS)

Chicago Partners Investment Group LLC lessened its position in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 21.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 50,906 shares of the company’s stock after selling 13,521 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Saba Closed-End Funds ETF were worth $1,102,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CEFS. Fortress Wealth Management Inc. lifted its stake in shares of Saba Closed-End Funds ETF by 9.0% in the 4th quarter. Fortress Wealth Management Inc. now owns 371,478 shares of the company’s stock valued at $7,957,000 after purchasing an additional 30,569 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in Saba Closed-End Funds ETF by 23.4% during the fourth quarter. Foundations Investment Advisors LLC now owns 268,378 shares of the company’s stock worth $5,749,000 after buying an additional 50,961 shares during the period. XML Financial LLC grew its stake in Saba Closed-End Funds ETF by 105.3% during the fourth quarter. XML Financial LLC now owns 65,746 shares of the company’s stock worth $1,408,000 after buying an additional 33,720 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Saba Closed-End Funds ETF by 14.9% in the third quarter. Oppenheimer & Co. Inc. now owns 62,061 shares of the company’s stock worth $1,381,000 after acquiring an additional 8,045 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised 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 acquiring an additional 15,517 shares during the period.

Saba Closed-End Funds ETF Trading Up 1.0 %

Shares of Saba Closed-End Funds ETF stock opened at $22.22 on Monday. Saba Closed-End Funds ETF has a twelve month low of $19.83 and a twelve month high of $22.14. The stock has a market cap of $205.54 million, a price-to-earnings ratio of 18.35 and a beta of 0.72. The company has a fifty day moving average price of $22.05 and a 200 day moving average price of $21.88.

Saba Closed-End Funds ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 30th were given a $0.2197 dividend. This is an increase from Saba Closed-End Funds ETF’s previous dividend of $0.14. The ex-dividend date of this dividend 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.