XML Financial LLC boosted its position in Saba Closed-End Funds ETF (BATS:CEFS – Free Report) by 16.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 270,311 shares of the company’s stock after purchasing an additional 38,531 shares during the period. XML Financial LLC’s holdings in Saba Closed-End Funds ETF were worth $6,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in the company. Triumph Capital Management lifted its position in shares of Saba Closed-End Funds ETF by 3.1% during the 2nd quarter. Triumph Capital Management now owns 46,694 shares of the company’s stock valued at $1,197,000 after buying an additional 1,410 shares during the last quarter. Tactive Advisors LLC grew its stake in shares of Saba Closed-End Funds ETF by 4.6% during the 2nd quarter. Tactive Advisors LLC now owns 54,387 shares of the company’s stock worth $1,394,000 after acquiring an additional 2,407 shares during the period. First Heartland Consultants Inc. increased its holdings in Saba Closed-End Funds ETF by 10.5% in the 2nd quarter. First Heartland Consultants Inc. now owns 10,416 shares of the company’s stock worth $267,000 after acquiring an additional 987 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Saba Closed-End Funds ETF by 8.6% in the 1st quarter. NewEdge Advisors LLC now owns 43,150 shares of the company’s stock worth $973,000 after acquiring an additional 3,427 shares during the last quarter. Finally, Arete Wealth Advisors LLC raised its stake in Saba Closed-End Funds ETF by 14.0% in the 1st quarter. Arete Wealth Advisors LLC now owns 279,934 shares of the company’s stock valued at $6,285,000 after acquiring an additional 34,370 shares during the period.
Saba Closed-End Funds ETF Stock Down 0.2%
BATS CEFS opened at $25.25 on Wednesday. The company has a market cap of $335.82 million, a PE ratio of 21.88 and a beta of 0.72. Saba Closed-End Funds ETF has a 52 week low of $22.05 and a 52 week high of $25.98. The firm’s 50-day simple moving average is $25.30 and its two-hundred day simple moving average is $24.47.
Saba Closed-End Funds ETF Company 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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Want to see what other hedge funds are holding CEFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Saba Closed-End Funds ETF (BATS:CEFS – Free Report).
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