Saba Capital Management, L.P. Sells 19,532 Shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) Stock

Saba Capital Income & Opportunities Fund II (NYSE:SABA) major shareholder Saba Capital Management, L.P. sold 19,532 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $8.50, for a total value of $166,022.00. Following the transaction, the insider now directly owns 3,243,069 shares of the company’s stock, valued at approximately $27,566,086.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Monday, September 30th, Saba Capital Management, L.P. sold 1,601 shares of Saba Capital Income & Opportunities Fund II stock. The stock was sold at an average price of $8.51, for a total value of $13,624.51.
• On Wednesday, September 25th, Saba Capital Management, L.P. sold 70,046 shares of Saba Capital Income & Opportunities Fund II stock. The stock was sold at an average price of $8.38, for a total value of $586,985.48.
• On Monday, September 23rd, Saba Capital Management, L.P. sold 4,453 shares of Saba Capital Income & Opportunities Fund II stock. The stock was sold at an average price of $8.46, for a total value of $37,672.38.

Saba Capital Income & Opportunities Fund II Stock Performance

SABA opened at $8.61 on Friday. The stock’s 50 day simple moving average is $8.41 and its 200 day simple moving average is $7.92. Saba Capital Income & Opportunities Fund II has a 1-year low of $7.28 and a 1-year high of $8.65.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 9th will be issued a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 8.08%. The ex-dividend date of this dividend is Wednesday, October 9th.

Institutional Investors Weigh In On Saba Capital Income & Opportunities Fund II

A number of institutional investors and hedge funds have recently modified their holdings of SABA. Melfa Wealth Management Inc. acquired a new stake in shares of Saba Capital Income & Opportunities Fund II in the 2nd quarter worth approximately $188,000. Family Firm Inc. acquired a new stake in shares of Saba Capital Income & Opportunities Fund II in the 2nd quarter worth approximately $83,000. Avion Wealth acquired a new stake in shares of Saba Capital Income & Opportunities Fund II in the 2nd quarter worth approximately $338,000. HB Wealth Management LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund II in the 2nd quarter worth approximately $98,000. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at $253,000. Institutional investors and hedge funds own 22.22% of the company’s stock.

About Saba Capital Income & Opportunities Fund II

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.