HighTower Advisors LLC Has $379,000 Position in Saba Closed-End Funds ETF (BATS:CEFS)

HighTower Advisors LLC cut its position in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 5.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,111 shares of the company’s stock after selling 900 shares during the quarter. HighTower Advisors LLC’s holdings in Saba Closed-End Funds ETF were worth $379,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new stake in shares of Saba Closed-End Funds ETF during the 3rd quarter worth approximately $36,000. Future Financial Wealth Managment LLC acquired a new stake in Saba Closed-End Funds ETF during the third quarter worth $44,000. Anfield Capital Management LLC bought a new stake in Saba Closed-End Funds ETF in the 2nd quarter valued at $64,000. NBC Securities Inc. raised its stake in shares of Saba Closed-End Funds ETF by 62.4% in the 3rd quarter. NBC Securities Inc. now owns 3,827 shares of the company’s stock valued at $85,000 after buying an additional 1,470 shares in the last quarter. Finally, Calton & Associates Inc. bought a new position in shares of Saba Closed-End Funds ETF during the 3rd quarter worth about $201,000.

Saba Closed-End Funds ETF Stock Performance

Shares of Saba Closed-End Funds ETF stock opened at $21.71 on Monday. Saba Closed-End Funds ETF has a twelve month low of $19.83 and a twelve month high of $22.14. The firm has a market cap of $200.82 million, a P/E ratio of 18.35 and a beta of 0.72. The firm’s 50-day simple moving average is $22.17 and its 200-day simple moving average is $21.75.

Saba Closed-End Funds ETF Announces Dividend

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

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.