Saba Closed-End Funds ETF (BATS:CEFS) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Saba Closed-End Funds ETF (BATS:CEFS)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $21.60 and traded as high as $22.52. Saba Closed-End Funds ETF shares last traded at $22.51, with a volume of 57,715 shares changing hands.

Saba Closed-End Funds ETF Stock Performance

The firm has a market cap of $208.17 million, a P/E ratio of 18.35 and a beta of 0.72. The firm’s fifty day moving average price is $22.14 and its 200 day moving average price is $21.60.

Saba Closed-End Funds ETF Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Saba Closed-End Funds ETF by 21.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 43,014 shares of the company’s stock worth $916,000 after acquiring an additional 7,660 shares in the last quarter. Cetera Advisors LLC purchased a new position in shares of Saba Closed-End Funds ETF in the first quarter worth $1,375,000. Cetera Investment Advisers raised its holdings in shares of Saba Closed-End Funds ETF by 34.0% in the first quarter. Cetera Investment Advisers now owns 192,425 shares of the company’s stock worth $3,977,000 after buying an additional 48,781 shares during the last quarter. Grimes & Company Inc. raised its holdings in shares of Saba Closed-End Funds ETF by 14.4% in the third quarter. Grimes & Company Inc. now owns 23,723 shares of the company’s stock worth $528,000 after buying an additional 2,981 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of Saba Closed-End Funds ETF by 14.9% in the third quarter. Oppenheimer & Co. Inc. now owns 62,061 shares of the company’s stock worth $1,381,000 after buying an additional 8,045 shares during the last quarter.

Saba Closed-End Funds ETF Company 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.