Thomas J. Herzfeld Advisors Inc. Cuts Holdings in Saba Closed-End Funds ETF $CEFS

Thomas J. Herzfeld Advisors Inc. lessened its stake in Saba Closed-End Funds ETF (BATS:CEFS) by 35.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 87,700 shares of the company’s stock after selling 48,266 shares during the quarter. Thomas J. Herzfeld Advisors Inc. owned 0.66% of Saba Closed-End Funds ETF worth $1,950,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in CEFS. Farther Finance Advisors LLC lifted its stake in Saba Closed-End Funds ETF by 20.3% in the second quarter. Farther Finance Advisors LLC now owns 2,792 shares of the company’s stock worth $62,000 after acquiring an additional 471 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of Saba Closed-End Funds ETF in the 2nd quarter valued at $62,000. Anfield Capital Management LLC lifted its position in shares of Saba Closed-End Funds ETF by 36.6% during the 1st quarter. Anfield Capital Management LLC now owns 5,425 shares of the company’s stock worth $116,000 after purchasing an additional 1,454 shares during the last quarter. Columbus Macro LLC grew its stake in shares of Saba Closed-End Funds ETF by 38.1% during the second quarter. Columbus Macro LLC now owns 9,609 shares of the company’s stock worth $214,000 after purchasing an additional 2,652 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new position in Saba Closed-End Funds ETF in the second quarter valued at $489,000.

Saba Closed-End Funds ETF Price Performance

Saba Closed-End Funds ETF stock opened at $22.71 on Friday. The stock has a market cap of $301.98 million, a PE ratio of 21.88 and a beta of 0.72. The stock’s fifty day moving average is $22.71 and its two-hundred day moving average is $22.46. Saba Closed-End Funds ETF has a 1-year low of $18.59 and a 1-year high of $22.70.

Saba Closed-End Funds ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 25th were given a dividend of $0.14 per share. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend was Tuesday, November 25th.

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.