Saba Closed-End Funds ETF (CEFS) To Go Ex-Dividend on March 25th

Saba Closed-End Funds ETF (BATS:CEFS) announced a dividend on Friday, March 22nd, NASDAQ reports. Stockholders of record on Tuesday, March 26th will be paid a dividend of 0.14 per share on Wednesday, March 27th. The ex-dividend date of this dividend is Monday, March 25th.

Saba Closed-End Funds ETF Stock Up 0.5 %

BATS:CEFS traded up $0.10 on Friday, reaching $20.47. 16,364 shares of the company’s stock traded hands. The stock has a 50-day simple moving average of $19.59 and a 200-day simple moving average of $18.60. Saba Closed-End Funds ETF has a 12 month low of $19.83 and a 12 month high of $22.14. The firm has a market cap of $132.03 million, a PE ratio of 15.99 and a beta of 0.76.

Institutional Investors Weigh In On Saba Closed-End Funds ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Toroso Investments LLC increased its holdings in shares of Saba Closed-End Funds ETF by 28.7% in the fourth quarter. Toroso Investments LLC now owns 274,905 shares of the company’s stock worth $4,744,000 after purchasing an additional 61,362 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Saba Closed-End Funds ETF by 17.1% during the 2nd quarter. Osaic Holdings Inc. now owns 240,377 shares of the company’s stock worth $4,435,000 after acquiring an additional 35,044 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Saba Closed-End Funds ETF by 14.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 203,616 shares of the company’s stock valued at $3,863,000 after acquiring an additional 25,855 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Saba Closed-End Funds ETF by 5.7% in the first quarter. Cetera Investment Advisers now owns 146,024 shares of the company’s stock valued at $2,666,000 after purchasing an additional 7,919 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Saba Closed-End Funds ETF in the second quarter worth $2,262,000.

About Saba Closed-End Funds ETF

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.