Shares of Saba Closed-End Funds ETF (BATS:CEFS – Get Free Report) traded down 0.4% during mid-day trading on Monday . The company traded as low as $25.06 and last traded at $25.29. 44,639 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 91,635 shares. The stock had previously closed at $25.38.
Saba Closed-End Funds ETF Trading Down 0.4%
The firm has a market cap of $336.36 million, a price-to-earnings ratio of 21.88 and a beta of 0.72. The stock’s 50 day moving average is $25.29 and its 200 day moving average is $23.93.
Hedge Funds Weigh In On Saba Closed-End Funds ETF
A number of large investors have recently made changes to their positions in CEFS. SHP Wealth Management bought a new stake in Saba Closed-End Funds ETF in the 4th quarter valued at $43,000. NBC Securities Inc. boosted its position in shares of Saba Closed-End Funds ETF by 14.6% in the fourth quarter. NBC Securities Inc. now owns 6,440 shares of the company’s stock valued at $148,000 after acquiring an additional 821 shares during the period. Anfield Capital Management LLC boosted its position in shares of Saba Closed-End Funds ETF by 32.1% in the fourth quarter. Anfield Capital Management LLC now owns 7,429 shares of the company’s stock valued at $171,000 after acquiring an additional 1,806 shares during the period. Encompass More Asset Management acquired a new position in shares of Saba Closed-End Funds ETF in the fourth quarter valued at about $216,000. Finally, Closed End Fund Advisors Inc. acquired a new position in shares of Saba Closed-End Funds ETF in the fourth quarter valued at about $241,000.
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.
Featured Stories
- Five stocks we like better than Saba Closed-End Funds ETF
- The SK Hynix IPO and 2027’s AI Memory Squeeze
- Meta Platforms Stock Rises as Muse Spark 1.1 AI Model Debuts
- Why Welltower’s Growth Story Might Outrun Its Rich Valuation
- One Short- and One Long-Term ETF for Quantum Computing Bulls
Receive News & Ratings for Saba Closed-End Funds ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saba Closed-End Funds ETF and related companies with MarketBeat.com's FREE daily email newsletter.
