Proficio Capital Partners LLC Acquires 1,187,374 Shares of Saba Closed-End Funds ETF (BATS:CEFS)

Proficio Capital Partners LLC lifted its holdings in Saba Closed-End Funds ETF (BATS:CEFS) by 1,148.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,290,785 shares of the company’s stock after purchasing an additional 1,187,374 shares during the period. Proficio Capital Partners LLC owned 0.14% of Saba Closed-End Funds ETF worth $27,649,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Stifel Financial Corp bought a new stake in shares of Saba Closed-End Funds ETF in the third quarter worth $225,000. Principal Securities Inc. lifted its position in shares of Saba Closed-End Funds ETF by 5.1% in the fourth quarter. Principal Securities Inc. now owns 32,186 shares of the company’s stock worth $689,000 after purchasing an additional 1,575 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Saba Closed-End Funds ETF by 14.9% in the third quarter. Oppenheimer & Co. Inc. now owns 62,061 shares of the company’s stock worth $1,381,000 after purchasing an additional 8,045 shares in the last quarter. XML Financial LLC lifted its position in shares of Saba Closed-End Funds ETF by 79.1% in the third quarter. XML Financial LLC now owns 32,026 shares of the company’s stock worth $713,000 after purchasing an additional 14,141 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its position in shares of Saba Closed-End Funds ETF by 11.7% in the fourth quarter. Avior Wealth Management LLC now owns 40,165 shares of the company’s stock worth $860,000 after purchasing an additional 4,191 shares in the last quarter.

Saba Closed-End Funds ETF Stock Down 0.7 %

Shares of CEFS stock opened at $21.85 on Friday. The company’s fifty day simple moving average is $22.04 and its 200-day simple moving average is $22.02. The firm has a market cap of $251.28 million, a PE ratio of 24.07 and a beta of 0.82. Saba Closed-End Funds ETF has a 12 month low of $19.83 and a 12 month high of $22.14.

Saba Closed-End Funds ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 30th were given 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 of this dividend 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.