Saba Closed-End Funds ETF (BATS:CEFS) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its stake in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 13.6% during the fourth quarter, HoldingsChannel reports. The firm owned 14,791 shares of the company’s stock after selling 2,320 shares during the quarter. HighTower Advisors LLC’s holdings in Saba Closed-End Funds ETF were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stifel Financial Corp purchased a new stake in shares of Saba Closed-End Funds ETF during the third quarter valued at $225,000. Principal Securities Inc. lifted its position in Saba Closed-End Funds ETF by 5.1% during the 4th quarter. Principal Securities Inc. now owns 32,186 shares of the company’s stock worth $689,000 after acquiring an additional 1,575 shares during the period. Avior Wealth Management LLC grew its stake in Saba Closed-End Funds ETF by 11.7% during the 4th quarter. Avior Wealth Management LLC now owns 40,165 shares of the company’s stock valued at $860,000 after purchasing an additional 4,191 shares during the last quarter. Hilltop Holdings Inc. acquired a new position in shares of Saba Closed-End Funds ETF in the third quarter valued at about $205,000. Finally, Oregon Pacific Wealth Management LLC purchased a new position in shares of Saba Closed-End Funds ETF in the fourth quarter worth about $476,000.

Saba Closed-End Funds ETF Stock Down 2.7 %

Saba Closed-End Funds ETF stock opened at $21.41 on Wednesday. Saba Closed-End Funds ETF has a 52 week low of $19.43 and a 52 week high of $22.70. The stock has a 50-day moving average price of $21.96 and a 200 day moving average price of $22.03. The company has a market capitalization of $264.35 million, a price-to-earnings ratio of 23.07 and a beta of 0.71.

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.