Saba Closed-End Funds ETF to Issue Dividend of $0.14 (BATS:CEFS)

Saba Closed-End Funds ETF (BATS:CEFS) declared a dividend on Friday, March 22nd, NASDAQ reports. Investors of record on Tuesday, March 26th will be given 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 Trading Up 0.5 %

Shares of CEFS traded up $0.10 during mid-day trading on Friday, reaching $20.47. 16,364 shares of the stock traded hands. The firm has a fifty day moving average price of $19.59 and a 200 day moving average price of $18.60. Saba Closed-End Funds ETF has a 1 year low of $19.83 and a 1 year 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 Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CEFS. Cetera Advisor Networks LLC raised its stake in shares of Saba Closed-End Funds ETF by 25.6% in the fourth quarter. Cetera Advisor Networks LLC now owns 24,625 shares of the company’s stock valued at $467,000 after acquiring an additional 5,018 shares during the period. NewEdge Advisors LLC raised its position in shares of Saba Closed-End Funds ETF by 2.4% in the 1st quarter. NewEdge Advisors LLC now owns 26,100 shares of the company’s stock valued at $461,000 after purchasing an additional 600 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. raised its position in shares of Saba Closed-End Funds ETF by 43.4% in the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 22,630 shares of the company’s stock valued at $413,000 after purchasing an additional 6,852 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Saba Closed-End Funds ETF by 7.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 13,554 shares of the company’s stock valued at $247,000 after purchasing an additional 914 shares during the last quarter. Finally, Royal Bank of Canada raised its position in Saba Closed-End Funds ETF by 7.6% during the 4th quarter. Royal Bank of Canada now owns 12,105 shares of the company’s stock worth $230,000 after buying an additional 852 shares during the last quarter.

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.