Fiera Capital Corp Grows Position in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Fiera Capital Corp boosted its position in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) by 235.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 342,605 shares of the company’s stock after acquiring an additional 240,405 shares during the period. Fiera Capital Corp owned about 1.06% of Saba Capital Income & Opportunities Fund II worth $2,916,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Hara Capital LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the 3rd quarter worth about $2,997,000. Shaker Financial Services LLC acquired a new position in Saba Capital Income & Opportunities Fund II in the third quarter valued at approximately $1,304,000. Catalina Capital Group LLC increased its stake in Saba Capital Income & Opportunities Fund II by 62.0% in the third quarter. Catalina Capital Group LLC now owns 46,320 shares of the company’s stock valued at $394,000 after purchasing an additional 17,725 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Saba Capital Income & Opportunities Fund II during the third quarter worth approximately $163,000. Finally, International Assets Investment Management LLC lifted its position in shares of Saba Capital Income & Opportunities Fund II by 751.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,255 shares of the company’s stock worth $36,000 after buying an additional 3,755 shares during the last quarter. 22.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Saba Capital Income & Opportunities Fund II news, major shareholder Saba Capital Management, L.P. sold 32,871 shares of Saba Capital Income & Opportunities Fund II stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $8.48, for a total transaction of $278,746.08. Following the transaction, the insider now owns 3,158,589 shares of the company’s stock, valued at $26,784,834.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders sold 180,112 shares of company stock valued at $1,523,150. Insiders own 5.62% of the company’s stock.

Saba Capital Income & Opportunities Fund II Stock Up 1.1 %

NYSE SABA opened at $8.68 on Friday. Saba Capital Income & Opportunities Fund II has a 12 month low of $7.28 and a 12 month high of $8.73. The firm’s fifty day moving average price is $8.51 and its 200 day moving average price is $8.10.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 11th will be given a dividend of $0.058 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 8.02%. The ex-dividend date of this dividend is Friday, November 8th.

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.