Independent Financial Group LLC acquired a new stake in Saba Closed-End Funds ETF (BATS:CEFS – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 104,898 shares of the company’s stock, valued at approximately $2,365,000.
Other large investors have also made changes to their positions in the company. New England Private Wealth Advisors LLC increased its position in Saba Closed-End Funds ETF by 6.8% during the 4th quarter. New England Private Wealth Advisors LLC now owns 382,742 shares of the company’s stock worth $8,818,000 after purchasing an additional 24,412 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Saba Closed-End Funds ETF by 9,861.0% in the 4th quarter. Farther Finance Advisors LLC now owns 316,162 shares of the company’s stock valued at $7,284,000 after purchasing an additional 312,988 shares during the last quarter. Royal Bank of Canada lifted its holdings in Saba Closed-End Funds ETF by 19.2% in the 4th quarter. Royal Bank of Canada now owns 290,550 shares of the company’s stock valued at $6,694,000 after purchasing an additional 46,724 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in Saba Closed-End Funds ETF by 2.1% in the 1st quarter. AdvisorNet Financial Inc now owns 281,423 shares of the company’s stock valued at $6,346,000 after purchasing an additional 5,696 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of Saba Closed-End Funds ETF by 6.4% during the 3rd quarter. Raymond James Financial Inc. now owns 280,182 shares of the company’s stock worth $6,380,000 after purchasing an additional 16,912 shares during the last quarter.
Saba Closed-End Funds ETF Price Performance
Shares of BATS CEFS opened at $25.08 on Friday. The company has a market cap of $333.56 million, a PE ratio of 21.88 and a beta of 0.72. Saba Closed-End Funds ETF has a 12 month low of $22.05 and a 12 month high of $25.98. The company has a 50-day simple moving average of $25.32 and a 200-day simple moving average of $23.99.
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. CEFS was launched on Mar 21, 2017 and is managed by Saba.
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