Avior Wealth Management LLC Raises Stake in Saba Closed-End Funds ETF (BATS:CEFS)

Avior Wealth Management LLC increased its stake in Saba Closed-End Funds ETF (BATS:CEFS) by 11.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 40,165 shares of the company’s stock after buying an additional 4,191 shares during the quarter. Avior Wealth Management LLC owned 0.43% of Saba Closed-End Funds ETF worth $860,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new stake in Saba Closed-End Funds ETF during the fourth quarter valued at about $612,000. XML Financial LLC lifted its holdings in Saba Closed-End Funds ETF by 105.3% during the fourth quarter. XML Financial LLC now owns 65,746 shares of the company’s stock valued at $1,408,000 after purchasing an additional 33,720 shares during the last quarter. Rovin Capital UT ADV lifted its holdings in Saba Closed-End Funds ETF by 6.5% during the fourth quarter. Rovin Capital UT ADV now owns 54,715 shares of the company’s stock valued at $1,172,000 after purchasing an additional 3,339 shares during the last quarter. Future Financial Wealth Managment LLC lifted its holdings in Saba Closed-End Funds ETF by 47.5% during the fourth quarter. Future Financial Wealth Managment LLC now owns 2,950 shares of the company’s stock valued at $63,000 after purchasing an additional 950 shares during the last quarter. Finally, Stifel Financial Corp purchased a new stake in Saba Closed-End Funds ETF during the third quarter valued at about $225,000.

Saba Closed-End Funds ETF Stock Up 1.8 %

BATS CEFS opened at $22.41 on Friday. The company has a market cap of $207.25 million, a PE ratio of 18.35 and a beta of 0.72. Saba Closed-End Funds ETF has a 52 week low of $19.83 and a 52 week high of $22.14. The firm’s 50-day simple moving average is $22.03 and its two-hundred day simple moving average is $21.86.

Saba Closed-End Funds ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 30th were issued a dividend of $0.2197 per share. The ex-dividend date of this dividend was Monday, December 30th. This is an increase from Saba Closed-End Funds ETF’s previous dividend of $0.14.

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.