XML Financial LLC Grows Position in Saba Closed-End Funds ETF (BATS:CEFS)

XML Financial LLC raised its position in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 105.3% during the 4th quarter, Holdings Channel reports. The fund owned 65,746 shares of the company’s stock after purchasing an additional 33,720 shares during the period. XML Financial LLC’s holdings in Saba Closed-End Funds ETF were worth $1,408,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Amplius Wealth Advisors LLC lifted its position in Saba Closed-End Funds ETF by 2.0% during the third quarter. Amplius Wealth Advisors LLC now owns 24,984 shares of the company’s stock valued at $556,000 after purchasing an additional 478 shares during the last quarter. Future Financial Wealth Managment LLC raised its position in shares of Saba Closed-End Funds ETF by 47.5% during the 4th quarter. Future Financial Wealth Managment LLC now owns 2,950 shares of the company’s stock valued at $63,000 after buying an additional 950 shares in the last quarter. NBC Securities Inc. lifted its holdings in shares of Saba Closed-End Funds ETF by 62.4% in the 3rd quarter. NBC Securities Inc. now owns 3,827 shares of the company’s stock valued at $85,000 after acquiring an additional 1,470 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in Saba Closed-End Funds ETF in the third quarter worth about $36,000. Finally, Chicago Partners Investment Group LLC increased its stake in Saba Closed-End Funds ETF by 3.1% during the third quarter. Chicago Partners Investment Group LLC now owns 64,427 shares of the company’s stock worth $1,427,000 after acquiring an additional 1,919 shares during the last quarter.

Saba Closed-End Funds ETF Price Performance

BATS:CEFS opened at $22.30 on Thursday. The business has a 50 day simple moving average of $22.02 and a 200-day simple moving average of $21.85. The firm has a market capitalization of $206.28 million, a price-to-earnings ratio of 18.35 and a beta of 0.72. 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 Increases Dividend

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

Saba Closed-End Funds ETF Company 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.