HB Wealth Management LLC Makes New Investment in Saba Capital Income & Opportunities Fund II (NYSEARCA:SABA)

Posted by ABMN Staff on Sep 1st, 2024

HB Wealth Management LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II (NYSEARCA:SABA – Free Report) in the 2nd quarter, Holdings Channel reports. The fund acquired 12,500 shares of the company’s stock, valued at approximately $98,000.

Other large investors have also made changes to their positions in the company. Melfa Wealth Management Inc. acquired a new position in Saba Capital Income & Opportunities Fund II in the 2nd quarter valued at approximately $188,000. Family Firm Inc. acquired a new position in Saba Capital Income & Opportunities Fund II in the 2nd quarter valued at approximately $83,000. Finally, Avion Wealth acquired a new position in Saba Capital Income & Opportunities Fund II in the 2nd quarter valued at approximately $338,000. Institutional investors and hedge funds own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Stock Up 0.8 %

Saba Capital Income & Opportunities Fund II stock opened at $8.53 on Friday. The business has a 50 day moving average price of $8.11 and a two-hundred day moving average price of $7.77. Saba Capital Income & Opportunities Fund II has a 12 month low of $7.28 and a 12 month high of $8.58.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 9th were paid a $0.058 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.70 annualized dividend and a dividend yield of 8.16%.

Saba Capital Income & Opportunities Fund II Company Profile

(Free Report)

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.