Saba Capital Income & Opportunities Fund II (NYSE:SABA – Get Free Report) major shareholder Saba Capital Management, L.P. sold 70,046 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $8.38, for a total value of $586,985.48. Following the sale, the insider now owns 3,346,812 shares in the company, valued at $28,046,284.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Monday, September 23rd, Saba Capital Management, L.P. sold 4,453 shares of Saba Capital Income & Opportunities Fund II stock. The stock was sold at an average price of $8.46, for a total transaction of $37,672.38.
Saba Capital Income & Opportunities Fund II Stock Performance
SABA opened at $8.42 on Friday. Saba Capital Income & Opportunities Fund II has a one year low of $7.28 and a one year high of $8.65. The company has a fifty day moving average price of $8.36 and a 200-day moving average price of $7.88.
Saba Capital Income & Opportunities Fund II Announces Dividend
Institutional Trading of Saba Capital Income & Opportunities Fund II
Several institutional investors and hedge funds have recently modified their holdings of the business. Family Firm Inc. purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the second quarter worth about $83,000. HB Wealth Management LLC purchased a new position in Saba Capital Income & Opportunities Fund II in the 2nd quarter worth approximately $98,000. Patron Partners LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II in the 2nd quarter worth $144,000. Rock Point Advisors LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II in the 2nd quarter worth $162,000. Finally, Melfa Wealth Management Inc. purchased a new stake in shares of Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at $188,000. Hedge funds and other institutional investors own 22.22% of the company’s stock.
About Saba Capital Income & Opportunities Fund II
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.
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