Raymond James Financial Inc. Takes $3.21 Million Position in Saba Closed-End Funds ETF (BATS:CEFS)

Raymond James Financial Inc. acquired a new position in Saba Closed-End Funds ETF (BATS:CEFS) during the 4th quarter, Holdings Channel reports. The fund acquired 150,028 shares of the company’s stock, valued at approximately $3,214,000.

A number of other large investors have also recently added to or reduced their stakes in CEFS. Proficio Capital Partners LLC raised its position in shares of Saba Closed-End Funds ETF by 1,148.2% in the fourth quarter. Proficio Capital Partners LLC now owns 1,290,785 shares of the company’s stock valued at $27,649,000 after buying an additional 1,187,374 shares during the last quarter. Fortress Wealth Management Inc. grew its stake in Saba Closed-End Funds ETF by 9.0% in the 4th quarter. Fortress Wealth Management Inc. now owns 371,478 shares of the company’s stock worth $7,957,000 after acquiring an additional 30,569 shares during the period. Foundations Investment Advisors LLC raised its holdings in Saba Closed-End Funds ETF by 23.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 268,378 shares of the company’s stock valued at $5,749,000 after acquiring an additional 50,961 shares during the last quarter. XML Financial LLC lifted its stake in shares of Saba Closed-End Funds ETF by 105.3% during the 4th quarter. XML Financial LLC now owns 65,746 shares of the company’s stock worth $1,408,000 after purchasing an additional 33,720 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Saba Closed-End Funds ETF by 4.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 64,656 shares of the company’s stock worth $1,385,000 after purchasing an additional 2,595 shares during the period.

Saba Closed-End Funds ETF Trading Down 2.0 %

Saba Closed-End Funds ETF stock opened at $21.57 on Friday. The stock has a fifty day moving average price of $22.02 and a 200 day moving average price of $22.03. Saba Closed-End Funds ETF has a 52 week low of $19.43 and a 52 week high of $22.70. The firm has a market capitalization of $258.84 million, a P/E ratio of 23.25 and a beta of 0.84.

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.