Saba Capital Income & Opportunities Fund (BRW) To Go Ex-Dividend on September 9th

Saba Capital Income & Opportunities Fund (NYSE:BRW – Get Free Report) declared a monthly dividend on Monday, August 31st. Investors of record on Wednesday, September 9th will be paid a dividend of 0.085 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 15.6%. The ex-dividend date of this dividend is Wednesday, September 9th.

Saba Capital Income & Opportunities Fund has increased its dividend payment by an average of 45.7%annually over the last three years.

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Saba Capital Income & Opportunities Fund Price Performance

Shares of Saba Capital Income & Opportunities Fund stock opened at $6.52 on Monday. Saba Capital Income & Opportunities Fund has a one year low of $6.38 and a one year high of $8.30. The business has a 50-day simple moving average of $6.60 and a 200 day simple moving average of $6.64.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Cerity Partners LLC lifted its position in shares of Saba Capital Income & Opportunities Fund by 3.3% during the second quarter. Cerity Partners LLC now owns 47,562 shares of the company’s stock valued at $383,000 after purchasing an additional 1,525 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Saba Capital Income & Opportunities Fund by 1.1% in the second quarter. Baird Financial Group Inc. now owns 148,026 shares of the company’s stock valued at $1,193,000 after buying an additional 1,655 shares during the period. Parallel Advisors LLC lifted its holdings in Saba Capital Income & Opportunities Fund by 25.2% during the first quarter. Parallel Advisors LLC now owns 8,556 shares of the company’s stock valued at $58,000 after purchasing an additional 1,722 shares during the last quarter. Decision Investments Inc. lifted its stake in shares of Saba Capital Income & Opportunities Fund by 13.4% during the 1st quarter. Decision Investments Inc. now owns 17,800 shares of the company’s stock valued at $120,000 after buying an additional 2,100 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in shares of Saba Capital Income & Opportunities Fund by 14.1% in the fourth quarter. Corient Private Wealth LLC now owns 17,204 shares of the company’s stock worth $121,000 after acquiring an additional 2,126 shares during the period.

About Saba Capital Income & Opportunities Fund

(Get Free Report)

Saba Capital Income & Opportunities Fund is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is managed by Saba Capital Management, L.P. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in floating rate secured senior loans, with an emphasis on top-tier, non-investment grade senior loans. The fund seeks to invest in loans with maturities of one to ten years.

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