3EDGE Asset Management LP Grows Stake in Saba Closed-End Funds ETF (BATS:CEFS)

3EDGE Asset Management LP raised its stake in Saba Closed-End Funds ETF (BATS:CEFSFree Report) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,788 shares of the company’s stock after purchasing an additional 3,661 shares during the quarter. 3EDGE Asset Management LP owned about 1.21% of Saba Closed-End Funds ETF worth $1,476,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CEFS. Harbour Investments Inc. acquired a new stake in shares of Saba Closed-End Funds ETF during the first quarter valued at about $27,000. Comerica Bank acquired a new position in Saba Closed-End Funds ETF in the third quarter worth about $38,000. Fortitude Family Office LLC acquired a new position in Saba Closed-End Funds ETF in the fourth quarter worth about $59,000. Royal Bank of Canada grew its stake in Saba Closed-End Funds ETF by 680.0% in the first quarter. Royal Bank of Canada now owns 3,900 shares of the company’s stock worth $77,000 after purchasing an additional 3,400 shares in the last quarter. Finally, UBS Group AG acquired a new position in Saba Closed-End Funds ETF in the first quarter worth about $82,000.

Saba Closed-End Funds ETF Stock Up 0.4 %

Shares of CEFS stock opened at $20.41 on Tuesday. The business has a 50 day moving average of $19.62 and a two-hundred day moving average of $18.62. Saba Closed-End Funds ETF has a 52 week low of $19.83 and a 52 week high of $22.14. The company has a market cap of $131.64 million, a P/E ratio of 15.99 and a beta of 0.76.

Saba Closed-End Funds ETF Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 26th will be paid a $0.14 dividend. The ex-dividend date is Monday, March 25th.

Saba Closed-End Funds ETF Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Saba Closed-End Funds ETF (BATS:CEFS)

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