Saba Capital Income & Opportunities Fund II (NYSE:SABA) Plans Monthly Dividend of $0.06

Saba Capital Income & Opportunities Fund II (NYSE:SABA) announced a monthly dividend on Friday, February 27th. Shareholders of record on Tuesday, March 10th will be paid a dividend of 0.058 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date is Tuesday, March 10th.

Saba Capital Income & Opportunities Fund II Price Performance

NYSE SABA opened at $8.18 on Friday. Saba Capital Income & Opportunities Fund II has a 1-year low of $7.72 and a 1-year high of $9.46. The company has a 50 day moving average of $8.18 and a 200-day moving average of $8.65.

Institutional Trading of Saba Capital Income & Opportunities Fund II

A number of hedge funds and other institutional investors have recently made changes to their positions in SABA. Invesco Ltd. grew its holdings in Saba Capital Income & Opportunities Fund II by 3.8% during the 4th quarter. Invesco Ltd. now owns 418,725 shares of the company’s stock worth $3,454,000 after acquiring an additional 15,204 shares during the last quarter. Almitas Capital LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter worth approximately $529,000. Focus Partners Wealth acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter worth approximately $8,423,000. Landscape Capital Management L.L.C. bought a new stake in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter valued at approximately $116,000. Finally, Winter & Associates Inc. bought a new stake in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter valued at approximately $508,000. 22.22% of the stock is currently owned by institutional investors and hedge funds.

Saba Capital Income & Opportunities Fund II Company Profile

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. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.