Saba Closed-End Funds ETF $CEFS Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its stake in Saba Closed-End Funds ETF (BATS:CEFS) by 50.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,235 shares of the company’s stock after acquiring an additional 37,058 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.84% of Saba Closed-End Funds ETF worth $2,527,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Saba Closed-End Funds ETF by 310.5% in the 1st quarter. Royal Bank of Canada now owns 124,181 shares of the company’s stock worth $2,649,000 after purchasing an additional 93,930 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Saba Closed-End Funds ETF by 8.6% during the first quarter. NewEdge Advisors LLC now owns 25,306 shares of the company’s stock worth $540,000 after purchasing an additional 1,999 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Saba Closed-End Funds ETF by 20.3% in the second quarter. Farther Finance Advisors LLC now owns 2,792 shares of the company’s stock worth $62,000 after purchasing an additional 471 shares in the last quarter. Columbus Macro LLC increased its holdings in Saba Closed-End Funds ETF by 38.1% in the second quarter. Columbus Macro LLC now owns 9,609 shares of the company’s stock valued at $214,000 after buying an additional 2,652 shares during the last quarter. Finally, 3EDGE Asset Management LP raised its stake in Saba Closed-End Funds ETF by 3.5% during the second quarter. 3EDGE Asset Management LP now owns 53,068 shares of the company’s stock valued at $1,180,000 after buying an additional 1,805 shares in the last quarter.

Saba Closed-End Funds ETF Stock Up 6.8%

BATS:CEFS opened at $23.50 on Friday. The business’s 50 day moving average is $22.91 and its two-hundred day moving average is $22.71. Saba Closed-End Funds ETF has a 52 week low of $18.59 and a 52 week high of $22.70. The company has a market cap of $312.54 million, a PE ratio of 21.88 and a beta of 0.72.

Saba Closed-End Funds ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 28th will be paid a dividend of $0.14 per share. The ex-dividend date is Wednesday, January 28th. This represents a c) annualized dividend and a yield of 7.1%.

About Saba Closed-End Funds ETF

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. CEFS was launched on Mar 21, 2017 and is managed by Saba.