New England Private Wealth Advisors LLC Acquires 43,317 Shares of Saba Closed-End Funds ETF $CEFS

New England Private Wealth Advisors LLC lifted its holdings in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 13.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 358,330 shares of the company’s stock after purchasing an additional 43,317 shares during the quarter. New England Private Wealth Advisors LLC’s holdings in Saba Closed-End Funds ETF were worth $8,159,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CEFS. Advisor OS LLC lifted its position in Saba Closed-End Funds ETF by 12.3% during the third quarter. Advisor OS LLC now owns 23,278 shares of the company’s stock valued at $530,000 after purchasing an additional 2,550 shares during the last quarter. Cary Street Partners Financial LLC increased its holdings in shares of Saba Closed-End Funds ETF by 3.4% in the 3rd quarter. Cary Street Partners Financial LLC now owns 28,884 shares of the company’s stock worth $658,000 after buying an additional 938 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Saba Closed-End Funds ETF by 5.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 94,605 shares of the company’s stock worth $2,154,000 after buying an additional 5,002 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Saba Closed-End Funds ETF by 11.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 266,958 shares of the company’s stock valued at $6,079,000 after buying an additional 27,392 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its position in shares of Saba Closed-End Funds ETF by 3.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 244,220 shares of the company’s stock valued at $5,561,000 after buying an additional 8,801 shares in the last quarter.

Saba Closed-End Funds ETF Stock Performance

BATS CEFS opened at $22.61 on Monday. Saba Closed-End Funds ETF has a 52-week low of $18.59 and a 52-week high of $23.65. The company has a fifty day moving average of $23.20 and a 200-day moving average of $22.88. The company has a market capitalization of $300.71 million, a P/E ratio of 21.88 and a beta of 0.72.

Saba Closed-End Funds ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

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. CEFS was launched on Mar 21, 2017 and is managed by Saba.