Raymond James & Associates Boosts Stock Holdings in Saba Closed-End Funds ETF (BATS:CEFS)

Raymond James & Associates boosted its position in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,575 shares of the company’s stock after buying an additional 3,394 shares during the period. Raymond James & Associates owned 0.52% of Saba Closed-End Funds ETF worth $637,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CEFS. Commonwealth Equity Services LLC increased its stake in Saba Closed-End Funds ETF by 12.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 15,026 shares of the company’s stock worth $263,000 after buying an additional 1,714 shares in the last quarter. Rovin Capital UT ADV boosted its holdings in shares of Saba Closed-End Funds ETF by 7.9% during the 3rd quarter. Rovin Capital UT ADV now owns 51,609 shares of the company’s stock worth $904,000 after purchasing an additional 3,777 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Saba Closed-End Funds ETF by 6.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 50,260 shares of the company’s stock worth $839,000 after purchasing an additional 3,231 shares during the last quarter. XML Financial LLC acquired a new position in shares of Saba Closed-End Funds ETF during the 3rd quarter worth approximately $206,000. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Saba Closed-End Funds ETF by 7.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 39,682 shares of the company’s stock worth $695,000 after purchasing an additional 2,665 shares during the last quarter.

Saba Closed-End Funds ETF Price Performance

Shares of Saba Closed-End Funds ETF stock opened at $19.84 on Thursday. The stock has a market cap of $182.53 million, a P/E ratio of 18.47 and a beta of 0.72. The stock’s 50 day simple moving average is $20.02 and its 200-day simple moving average is $18.99. Saba Closed-End Funds ETF has a 1-year low of $19.83 and a 1-year high of $22.14.

Saba Closed-End Funds ETF Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 26th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, March 25th.

About Saba Closed-End Funds ETF

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.