19,105 Shares in Saba Capital Income & Opportunities Fund II (NYSE:SABA) Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) during the third quarter, Holdings Channel reports. The institutional investor bought 19,105 shares of the company’s stock, valued at approximately $163,000.

A number of other large investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. acquired a new stake in Saba Capital Income & Opportunities Fund II in the second quarter valued at approximately $2,833,000. Fiera Capital Corp bought a new position in shares of Saba Capital Income & Opportunities Fund II in the second quarter valued at approximately $797,000. Prevail Innovative Wealth Advisors LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the second quarter valued at approximately $768,000. Choreo LLC purchased a new stake in Saba Capital Income & Opportunities Fund II in the 2nd quarter valued at $701,000. Finally, Private Advisor Group LLC lifted its stake in Saba Capital Income & Opportunities Fund II by 729.4% during the 3rd quarter. Private Advisor Group LLC now owns 84,148 shares of the company’s stock valued at $716,000 after acquiring an additional 74,002 shares in the last quarter. 22.22% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. sold 4,881 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $8.60, for a total transaction of $41,976.60. Following the completion of the sale, the insider now directly owns 3,238,188 shares of the company’s stock, valued at approximately $27,848,416.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 180,112 shares of company stock valued at $1,523,150 in the last 90 days. 5.62% of the stock is currently owned by corporate insiders.

Saba Capital Income & Opportunities Fund II Trading Down 0.5 %

NYSE SABA opened at $8.66 on Wednesday. The company has a fifty day moving average price of $8.52 and a 200-day moving average price of $8.12. Saba Capital Income & Opportunities Fund II has a 1 year low of $7.28 and a 1 year high of $8.75.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 11th will be paid a $0.058 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.70 annualized dividend and a yield of 8.04%.

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.