Raymond James Financial Inc. Buys Shares of 72,321 Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Raymond James Financial Inc. purchased a new position in Saba Capital Income & Opportunities Fund II (NYSE:SABA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 72,321 shares of the company’s stock, valued at approximately $655,000.

Other large investors also recently modified their holdings of the company. Kovitz Investment Group Partners LLC acquired a new stake in Saba Capital Income & Opportunities Fund II in the third quarter worth approximately $5,836,000. Noble Wealth Management PBC purchased a new position in Saba Capital Income & Opportunities Fund II during the 4th quarter worth approximately $151,000. Choreo LLC grew its holdings in shares of Saba Capital Income & Opportunities Fund II by 74.9% during the fourth quarter. Choreo LLC now owns 200,876 shares of the company’s stock valued at $1,813,000 after buying an additional 86,036 shares in the last quarter. K2 Principal Fund L.P. purchased a new position in Saba Capital Income & Opportunities Fund II during the 3rd quarter valued at about $170,000. Finally, Janney Montgomery Scott LLC purchased a new position in Saba Capital Income & Opportunities Fund II during the fourth quarter valued at approximately $131,000. 22.22% of the stock is owned by institutional investors and hedge funds.

Saba Capital Income & Opportunities Fund II Stock Down 3.3 %

NYSE SABA opened at $8.29 on Monday. Saba Capital Income & Opportunities Fund II has a 1-year low of $7.40 and a 1-year high of $9.43. The firm’s fifty day simple moving average is $8.98 and its 200-day simple moving average is $8.84.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.70 dividend on an annualized basis and a yield of 8.40%.

About Saba Capital Income & Opportunities Fund II

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.