Saba Capital Management, L.P. Sells 46,728 Shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) Stock

Saba Capital Income & Opportunities Fund II (NYSE:SABA) major shareholder Saba Capital Management, L.P. sold 46,728 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $8.52, for a total transaction of $398,122.56. Following the completion of the transaction, the insider now directly owns 3,191,460 shares of the company’s stock, valued at approximately $27,191,239.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Monday, October 21st, Saba Capital Management, L.P. sold 32,871 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.48, for a total transaction of $278,746.08.
• On Wednesday, October 16th, Saba Capital Management, L.P. sold 4,881 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.60, for a total transaction of $41,976.60.
• On Wednesday, October 2nd, Saba Capital Management, L.P. sold 19,532 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.50, for a total transaction of $166,022.00.
• On Monday, September 30th, Saba Capital Management, L.P. sold 1,601 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.51, for a total transaction of $13,624.51.
• On Wednesday, September 25th, Saba Capital Management, L.P. sold 70,046 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.38, for a total transaction of $586,985.48.
• On Monday, September 23rd, Saba Capital Management, L.P. sold 4,453 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.46, for a total transaction of $37,672.38.

Saba Capital Income & Opportunities Fund II Stock Up 0.2 %

Shares of SABA stock opened at $8.54 on Wednesday. Saba Capital Income & Opportunities Fund II has a one year low of $7.28 and a one year high of $8.73. The company’s 50-day simple moving average is $8.48 and its 200-day simple moving average is $8.00.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.058 per share. The ex-dividend date is Wednesday, October 9th. This represents a $0.70 annualized dividend and a dividend yield of 8.15%.

Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund II

Large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. bought a new position in shares of Saba Capital Income & Opportunities Fund II during the second quarter worth about $2,833,000. Gilman Hill Asset Management LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II during the third quarter worth about $85,000. Rock Point Advisors LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II during the second quarter worth about $162,000. Farther Finance Advisors LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II during the second quarter worth about $521,000. Finally, HB Wealth Management LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II during the second quarter worth about $98,000. Institutional investors own 22.22% of the company’s stock.

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.