Grimes & Company Inc. Grows Position in Saba Closed-End Funds ETF (BATS:CEFS)

Grimes & Company Inc. boosted its stake in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 14.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 23,723 shares of the company’s stock after buying an additional 2,981 shares during the quarter. Grimes & Company Inc.’s holdings in Saba Closed-End Funds ETF were worth $528,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of CEFS. Wealth Enhancement Advisory Services LLC raised its holdings in Saba Closed-End Funds ETF by 21.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 43,014 shares of the company’s stock valued at $916,000 after acquiring an additional 7,660 shares during the period. Cetera Advisors LLC bought a new stake in Saba Closed-End Funds ETF during the first quarter valued at about $1,375,000. Cetera Investment Advisers raised its holdings in Saba Closed-End Funds ETF by 34.0% during the first quarter. Cetera Investment Advisers now owns 192,425 shares of the company’s stock valued at $3,977,000 after acquiring an additional 48,781 shares during the period. J.W. Cole Advisors Inc. bought a new stake in Saba Closed-End Funds ETF during the first quarter valued at about $204,000. Finally, Foundations Investment Advisors LLC raised its holdings in Saba Closed-End Funds ETF by 12.6% during the third quarter. Foundations Investment Advisors LLC now owns 217,417 shares of the company’s stock valued at $4,838,000 after acquiring an additional 24,350 shares during the period.

Saba Closed-End Funds ETF Trading Down 0.9 %

Shares of CEFS stock opened at $21.96 on Friday. Saba Closed-End Funds ETF has a 12-month low of $19.83 and a 12-month high of $22.14. The stock’s 50-day moving average price is $21.92 and its 200-day moving average price is $21.20. The stock has a market capitalization of $203.13 million, a price-to-earnings ratio of 18.35 and a beta of 0.72.

Saba Closed-End Funds ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, August 27th. Stockholders of record on Monday, August 26th were issued a $0.14 dividend. The ex-dividend date was Monday, August 26th.

Saba Closed-End Funds ETF Profile

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.