Bay Colony Advisory Group Inc d b a Bay Colony Advisors Buys New Shares in Saba Closed-End Funds ETF (BATS:CEFS)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Saba Closed-End Funds ETF (BATS:CEFS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,400 shares of the company’s stock, valued at approximately $308,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors owned 0.16% of Saba Closed-End Funds ETF as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Future Financial Wealth Managment LLC raised its holdings in shares of Saba Closed-End Funds ETF by 47.5% during the fourth quarter. Future Financial Wealth Managment LLC now owns 2,950 shares of the company’s stock valued at $63,000 after purchasing an additional 950 shares during the period. Principal Securities Inc. raised its holdings in shares of Saba Closed-End Funds ETF by 5.1% during the fourth quarter. Principal Securities Inc. now owns 32,186 shares of the company’s stock valued at $689,000 after purchasing an additional 1,575 shares during the period. Farther Finance Advisors LLC acquired a new position in shares of Saba Closed-End Funds ETF during the third quarter valued at about $36,000. Oppenheimer & Co. Inc. raised its holdings in shares of Saba Closed-End Funds ETF by 4.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 64,656 shares of the company’s stock valued at $1,385,000 after purchasing an additional 2,595 shares during the period. Finally, Rovin Capital UT ADV raised its holdings in shares of Saba Closed-End Funds ETF by 6.5% during the fourth quarter. Rovin Capital UT ADV now owns 54,715 shares of the company’s stock valued at $1,172,000 after purchasing an additional 3,339 shares during the period.

Saba Closed-End Funds ETF Trading Down 2.2 %

Shares of BATS CEFS opened at $21.53 on Friday. The firm’s 50-day moving average price is $22.02 and its 200-day moving average price is $22.04. Saba Closed-End Funds ETF has a 1-year low of $19.83 and a 1-year high of $22.14. The firm has a market capitalization of $247.54 million, a P/E ratio of 24.07 and a beta of 0.82.

Saba Closed-End Funds ETF Increases Dividend

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

Saba Closed-End Funds ETF Profile

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.