Shaker Financial Services LLC cut its holdings in Saba Capital Income & Opportunities Fund II (NYSE:SABA – Free Report) by 26.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 436,616 shares of the company’s stock after selling 153,597 shares during the quarter. Saba Capital Income & Opportunities Fund II comprises approximately 1.2% of Shaker Financial Services LLC’s portfolio, making the stock its 27th largest holding. Shaker Financial Services LLC’s holdings in Saba Capital Income & Opportunities Fund II were worth $3,480,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Rivernorth Capital Management LLC lifted its position in Saba Capital Income & Opportunities Fund II by 2.4% during the 1st quarter. Rivernorth Capital Management LLC now owns 2,857,603 shares of the company’s stock worth $23,775,000 after buying an additional 66,554 shares in the last quarter. Flax Pond Capital LLC raised its stake in shares of Saba Capital Income & Opportunities Fund II by 5.9% in the first quarter. Flax Pond Capital LLC now owns 299,313 shares of the company’s stock worth $2,490,000 after acquiring an additional 16,780 shares during the last quarter. TrueMark Investments LLC raised its stake in shares of Saba Capital Income & Opportunities Fund II by 5.4% in the first quarter. TrueMark Investments LLC now owns 224,709 shares of the company’s stock worth $1,870,000 after acquiring an additional 11,448 shares during the last quarter. Doliver Advisors LP bought a new position in shares of Saba Capital Income & Opportunities Fund II in the second quarter worth about $1,169,000. Finally, Comprehensive Money Management Services LLC lifted its position in shares of Saba Capital Income & Opportunities Fund II by 9.5% during the first quarter. Comprehensive Money Management Services LLC now owns 125,898 shares of the company’s stock worth $1,047,000 after purchasing an additional 10,975 shares in the last quarter. 22.22% of the stock is owned by institutional investors.
Saba Capital Income & Opportunities Fund II Price Performance
Shares of SABA stock traded down $0.03 during trading hours on Wednesday, reaching $7.71. 37,019 shares of the company were exchanged, compared to its average volume of 75,517. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.68 and a fifty-two week high of $9.00. The stock’s fifty day moving average is $8.11 and its two-hundred day moving average is $8.27.
Saba Capital Income & Opportunities Fund II Announces Dividend
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. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.
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