Oppenheimer & Co. Inc. Buys 2,595 Shares of Saba Closed-End Funds ETF (BATS:CEFS)

Oppenheimer & Co. Inc. raised its stake in Saba Closed-End Funds ETF (BATS:CEFS) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,656 shares of the company’s stock after acquiring an additional 2,595 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.70% of Saba Closed-End Funds ETF worth $1,385,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC bought a new stake in Saba Closed-End Funds ETF in the 3rd quarter valued at $36,000. Future Financial Wealth Managment LLC increased its holdings in Saba Closed-End Funds ETF by 47.5% in the 4th quarter. Future Financial Wealth Managment LLC now owns 2,950 shares of the company’s stock valued at $63,000 after acquiring an additional 950 shares during the last quarter. Columbus Macro LLC bought a new stake in Saba Closed-End Funds ETF in the 4th quarter valued at $197,000. Hilltop Holdings Inc. bought a new stake in Saba Closed-End Funds ETF in the 3rd quarter valued at $205,000. Finally, Stifel Financial Corp bought a new stake in Saba Closed-End Funds ETF in the 3rd quarter valued at $225,000.

Saba Closed-End Funds ETF Stock Performance

Shares of BATS CEFS opened at $21.80 on Tuesday. The company has a market cap of $250.70 million, a P/E ratio of 24.07 and a beta of 0.82. The firm’s fifty day moving average is $22.05 and its two-hundred day moving average is $22.03. Saba Closed-End Funds ETF has a 52-week low of $19.83 and a 52-week high of $22.14.

Saba Closed-End Funds ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 30th were paid a $0.2197 dividend. This is a boost from Saba Closed-End Funds ETF’s previous dividend of $0.14. The ex-dividend date was Monday, December 30th.

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.