Fortress Wealth Management Inc. Buys 30,569 Shares of Saba Closed-End Funds ETF (BATS:CEFS)

Fortress Wealth Management Inc. lifted its position in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 371,478 shares of the company’s stock after buying an additional 30,569 shares during the period. Saba Closed-End Funds ETF makes up about 3.9% of Fortress Wealth Management Inc.’s holdings, making the stock its 7th biggest holding. Fortress Wealth Management Inc. owned 4.02% of Saba Closed-End Funds ETF worth $7,957,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Foundations Investment Advisors LLC boosted its position in Saba Closed-End Funds ETF by 23.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 268,378 shares of the company’s stock worth $5,749,000 after purchasing an additional 50,961 shares during the period. Grimes & Company Inc. grew its stake in shares of Saba Closed-End Funds ETF by 27.6% in the fourth quarter. Grimes & Company Inc. now owns 30,273 shares of the company’s stock valued at $648,000 after buying an additional 6,550 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of 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 buying an additional 4,191 shares during the period. Janney Montgomery Scott LLC acquired a new position in Saba Closed-End Funds ETF during the 4th quarter worth approximately $612,000. Finally, XML Financial LLC boosted its holdings in Saba Closed-End Funds ETF by 105.3% in the 4th quarter. XML Financial LLC now owns 65,746 shares of the company’s stock worth $1,408,000 after acquiring an additional 33,720 shares during the period.

Saba Closed-End Funds ETF Trading Up 0.2 %

Shares of CEFS stock opened at $22.04 on Tuesday. Saba Closed-End Funds ETF has a twelve month low of $19.83 and a twelve month high of $22.14. The company has a market capitalization of $203.82 million, a PE ratio of 18.35 and a beta of 0.72. The firm has a fifty day simple moving average of $22.05 and a 200-day simple moving average of $21.87.

Saba Closed-End Funds ETF Increases Dividend

The firm also recently announced 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. This is a boost from Saba Closed-End Funds ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, December 30th.

Saba Closed-End Funds ETF 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.