J.W. Cole Advisors Inc. Sells 2,152 Shares of Saba Closed-End Funds ETF (BATS:CEFS)

J.W. Cole Advisors Inc. cut its stake in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,346 shares of the company’s stock after selling 2,152 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Saba Closed-End Funds ETF were worth $479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CEFS. Foundations Investment Advisors LLC grew its holdings in shares of Saba Closed-End Funds ETF by 23.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 268,378 shares of the company’s stock valued at $5,749,000 after purchasing an additional 50,961 shares during the last quarter. XML Financial LLC grew its holdings in Saba Closed-End Funds ETF by 105.3% during the 4th quarter. XML Financial LLC now owns 65,746 shares of the company’s stock worth $1,408,000 after acquiring an additional 33,720 shares during the last quarter. Fortress Wealth Management Inc. grew its holdings in Saba Closed-End Funds ETF by 9.0% during the 4th quarter. Fortress Wealth Management Inc. now owns 371,478 shares of the company’s stock worth $7,957,000 after acquiring an additional 30,569 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Saba Closed-End Funds ETF during the 4th quarter worth approximately $612,000. Finally, Oregon Pacific Wealth Management LLC bought a new stake in Saba Closed-End Funds ETF during the 4th quarter worth approximately $476,000.

Saba Closed-End Funds ETF Price Performance

CEFS opened at $22.49 on Thursday. Saba Closed-End Funds ETF has a fifty-two week low of $19.83 and a fifty-two week high of $22.14. The firm has a market capitalization of $208.03 million, a price-to-earnings ratio of 18.35 and a beta of 0.72. The company’s 50 day moving average price is $22.04 and its two-hundred day moving average price is $21.96.

Saba Closed-End Funds ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 30th were issued a dividend of $0.2197 per share. This is a positive change from Saba Closed-End Funds ETF’s previous dividend of $0.14. The ex-dividend date was Monday, December 30th.

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.