Gilman Hill Asset Management LLC Raises Stock Position in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Gilman Hill Asset Management LLC boosted its position in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) by 75.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,500 shares of the company’s stock after acquiring an additional 7,500 shares during the period. Gilman Hill Asset Management LLC’s holdings in Saba Capital Income & Opportunities Fund II were worth $159,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SABA. Rivernorth Capital Management LLC grew its stake in shares of Saba Capital Income & Opportunities Fund II by 37.5% during the third quarter. Rivernorth Capital Management LLC now owns 4,575,754 shares of the company’s stock worth $38,940,000 after acquiring an additional 1,246,847 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in Saba Capital Income & Opportunities Fund II during the 3rd quarter worth approximately $5,836,000. Penserra Capital Management LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the third quarter worth $4,780,000. Envestnet Asset Management Inc. acquired a new stake in shares of Saba Capital Income & Opportunities Fund II during the second quarter worth $2,833,000. Finally, Hara Capital LLC purchased a new stake in shares of Saba Capital Income & Opportunities Fund II during the third quarter valued at $2,997,000. 22.22% of the stock is currently owned by institutional investors and hedge funds.

Saba Capital Income & Opportunities Fund II Stock Performance

Shares of SABA stock opened at $9.09 on Tuesday. The business has a fifty day moving average of $8.92 and a 200 day moving average of $8.56. Saba Capital Income & Opportunities Fund II has a 1 year low of $7.28 and a 1 year high of $9.24.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be paid a $0.058 dividend. This represents a $0.70 annualized dividend and a dividend yield of 7.66%. The ex-dividend date is Friday, January 10th.

Saba Capital Income & Opportunities Fund II Company Profile

Saba Capital Income & Opportunities Fund II is a closed-ended fixed income mutual fund launched and managed by Saba Capital Management, L.P. The fund invests in fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P.