Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) Stock Price Down 0.1%

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW – Get Rating) shares fell 0.1% during mid-day trading on Wednesday . The stock traded as low as $7.82 and last traded at $7.91. 57,650 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 107,684 shares. The stock had previously closed at $7.92.

Saba Capital Income & Opportunities Fund Stock Down 0.1 %

The company has a 50 day moving average price of $8.02 and a 200-day moving average price of $8.00.

Saba Capital Income & Opportunities Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Tuesday, May 9th will be paid a $0.088 dividend. This is a positive change from Saba Capital Income & Opportunities Fund’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Monday, May 8th. This represents a $1.06 annualized dividend and a dividend yield of 13.35%.

Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC bought a new position in shares of Saba Capital Income & Opportunities Fund in the 4th quarter valued at $59,000. Wolverine Asset Management LLC bought a new stake in Saba Capital Income & Opportunities Fund during the 4th quarter worth $78,000. Apollon Wealth Management LLC bought a new stake in Saba Capital Income & Opportunities Fund during the 4th quarter worth $86,000. Cambridge Investment Research Advisors Inc. bought a new stake in Saba Capital Income & Opportunities Fund during the 4th quarter worth $87,000. Finally, Abacus Planning Group Inc. bought a new stake in Saba Capital Income & Opportunities Fund during the 1st quarter worth $102,000.

Saba Capital Income & Opportunities Fund Company Profile

(Get Rating)

Saba Capital Income & Opportunities Fund operates as a diversified, closed-end management investment company. It seeks to provide investors with as high a level of current income as is consistent with the preservation of capital. The company was founded on December 2, 1987 and is headquartered in New York, NY.