Saba Closed-End Funds ETF (BATS:CEFS) Shares Sold by Tidal Investments LLC

Tidal Investments LLC cut its position in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 85,431 shares of the company’s stock after selling 5,200 shares during the quarter. Tidal Investments LLC’s holdings in Saba Closed-End Funds ETF were worth $1,901,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stifel Financial Corp bought a new position in Saba Closed-End Funds ETF during the third quarter valued at about $225,000. Hilltop Holdings Inc. acquired a new stake in Saba Closed-End Funds ETF in the 3rd quarter valued at about $205,000. Napa Wealth Management boosted its position in shares of Saba Closed-End Funds ETF by 34.4% during the 3rd quarter. Napa Wealth Management now owns 43,489 shares of the company’s stock valued at $968,000 after purchasing an additional 11,138 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Saba Closed-End Funds ETF by 14.9% in the 3rd 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 during the last quarter. Finally, XML Financial LLC raised its holdings in shares of Saba Closed-End Funds ETF by 79.1% in the 3rd 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.

Saba Closed-End Funds ETF Stock Performance

Shares of BATS:CEFS opened at $22.20 on Tuesday. The stock has a market capitalization of $205.35 million, a price-to-earnings ratio of 18.35 and a beta of 0.72. Saba Closed-End Funds ETF has a 1-year low of $19.83 and a 1-year high of $22.14. The company has a 50 day moving average price of $22.20 and a 200 day moving average price of $21.71.

Saba Closed-End Funds ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, November 26th. Investors of record on Monday, November 25th were issued a $0.14 dividend. The ex-dividend date of this dividend was Monday, November 25th.

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.