Rivernorth Capital Management LLC Raises Stock Holdings in Saba Capital Income & Opportunities Fund II $SABA

Rivernorth Capital Management LLC increased its holdings in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) by 2.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,857,603 shares of the company’s stock after acquiring an additional 66,554 shares during the period. Saba Capital Income & Opportunities Fund II comprises 1.2% of Rivernorth Capital Management LLC’s portfolio, making the stock its 14th biggest position. Rivernorth Capital Management LLC owned about 10.12% of Saba Capital Income & Opportunities Fund II worth $23,775,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Walleye Capital LLC increased its stake in Saba Capital Income & Opportunities Fund II by 6.2% in the second quarter. Walleye Capital LLC now owns 25,011 shares of the company’s stock worth $230,000 after purchasing an additional 1,468 shares during the period. Advisors Asset Management Inc. increased its stake in Saba Capital Income & Opportunities Fund II by 0.7% in the 4th quarter. Advisors Asset Management Inc. now owns 261,272 shares of the company’s stock worth $2,155,000 after buying an additional 1,857 shares during the period. Raymond James Financial Inc. lifted its holdings in Saba Capital Income & Opportunities Fund II by 2.9% during the 2nd quarter. Raymond James Financial Inc. now owns 71,402 shares of the company’s stock valued at $656,000 after buying an additional 1,997 shares in the last quarter. Cetera Investment Advisers boosted its position in Saba Capital Income & Opportunities Fund II by 11.8% in the 2nd quarter. Cetera Investment Advisers now owns 29,468 shares of the company’s stock valued at $271,000 after buying an additional 3,118 shares during the period. Finally, LPL Financial LLC grew its stake in Saba Capital Income & Opportunities Fund II by 12.0% in the 4th quarter. LPL Financial LLC now owns 34,619 shares of the company’s stock worth $286,000 after acquiring an additional 3,711 shares in the last quarter. Hedge funds and other institutional investors own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Stock Up 0.6%

Shares of NYSE:SABA opened at $8.26 on Wednesday. The firm’s 50 day simple moving average is $8.33 and its 200-day simple moving average is $8.28. Saba Capital Income & Opportunities Fund II has a one year low of $7.96 and a one year high of $9.46.

Saba Capital Income & Opportunities Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Thursday, July 9th will be issued a $0.058 dividend. The ex-dividend date is Thursday, July 9th. This represents a c) annualized dividend and a dividend yield of 8.4%.

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