Saba Closed-End Funds ETF (CEFS) to Issue Dividend of $0.14 on March 27th

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 is Monday, March 25th.

Saba Closed-End Funds ETF Stock Performance

Shares of CEFS traded up $0.10 during mid-day trading on Friday, hitting $20.47. 16,364 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $19.59 and its 200-day moving average is $18.60. Saba Closed-End Funds ETF has a fifty-two week low of $19.83 and a fifty-two week high of $22.14. The company has a market cap of $132.03 million, a price-to-earnings ratio of 15.99 and a beta of 0.76.

Institutional Trading of Saba Closed-End Funds ETF

Large investors have recently made changes to their positions in the company. Harbour Investments Inc. purchased a new stake in shares of Saba Closed-End Funds ETF during the first quarter worth approximately $27,000. Comerica Bank purchased a new position in Saba Closed-End Funds ETF in the third quarter valued at approximately $38,000. Steward Partners Investment Advisory LLC increased its stake in Saba Closed-End Funds ETF by 23.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,807 shares of the company’s stock valued at $53,000 after purchasing an additional 530 shares during the last quarter. Royal Bank of Canada increased its stake in Saba Closed-End Funds ETF by 680.0% in the first quarter. Royal Bank of Canada now owns 3,900 shares of the company’s stock valued at $77,000 after purchasing an additional 3,400 shares during the last quarter. Finally, UBS Group AG purchased a new position in Saba Closed-End Funds ETF in the first quarter valued at approximately $82,000.

Saba Closed-End Funds ETF Company 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.