Saba Capital Income & Opportunities Fund II (NYSE:SABA) Major Shareholder Saba Capital Management, L.P. Sells 32,871 Shares

Saba Capital Income & Opportunities Fund II (NYSE:SABA) major shareholder Saba Capital Management, L.P. sold 32,871 shares of Saba Capital Income & Opportunities Fund II stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $8.48, for a total value of $278,746.08. Following the sale, the insider now directly owns 3,158,589 shares in the company, valued at $26,784,834.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through 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 Friday, October 18th, Saba Capital Management, L.P. sold 46,728 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.52, for a total value of $398,122.56.
• On Wednesday, October 16th, Saba Capital Management, L.P. sold 4,881 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.60, for a total value of $41,976.60.
• On Wednesday, October 2nd, Saba Capital Management, L.P. sold 19,532 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.50, for a total value of $166,022.00.
• On Monday, September 30th, Saba Capital Management, L.P. sold 1,601 shares of Saba Capital Income & Opportunities Fund II stock. The shares were 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 shares were 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 Price Performance

Shares of SABA traded up $0.01 during mid-day trading on Tuesday, reaching $8.53. 11,443 shares of the company were exchanged, compared to its average volume of 113,811. Saba Capital Income & Opportunities Fund II has a 52 week low of $7.28 and a 52 week high of $8.73. The business has a 50 day simple moving average of $8.47 and a two-hundred day simple moving average of $8.00.

Saba Capital Income & Opportunities Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 9th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $0.70 dividend on an annualized basis and a yield of 8.16%.

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

Hedge funds have recently added to or reduced their stakes in the business. Family Firm Inc. bought a new stake in Saba Capital Income & Opportunities Fund II in the second quarter worth approximately $83,000. Gilman Hill Asset Management LLC bought a new stake in Saba Capital Income & Opportunities Fund II in the third quarter worth approximately $85,000. HB Wealth Management LLC bought a new stake in Saba Capital Income & Opportunities Fund II in the second quarter worth approximately $98,000. Patron Partners LLC bought a new stake in Saba Capital Income & Opportunities Fund II in the second quarter worth approximately $144,000. Finally, Rock Point Advisors LLC bought a new stake in Saba Capital Income & Opportunities Fund II in the second quarter worth approximately $162,000. 22.22% of the stock is currently owned by institutional investors.

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.