Janney Montgomery Scott LLC Purchases New Shares in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Janney Montgomery Scott LLC bought a new stake in Saba Capital Income & Opportunities Fund II (NYSE:SABA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,490 shares of the company’s stock, valued at approximately $131,000.

Other institutional investors have also modified their holdings of the company. Private Advisor Group LLC grew its position in shares of Saba Capital Income & Opportunities Fund II by 729.4% in the third quarter. Private Advisor Group LLC now owns 84,148 shares of the company’s stock valued at $716,000 after purchasing an additional 74,002 shares during the period. Fiera Capital Corp lifted its stake in shares of Saba Capital Income & Opportunities Fund II by 235.2% in the third quarter. Fiera Capital Corp now owns 342,605 shares of the company’s stock worth $2,916,000 after buying an additional 240,405 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the third quarter worth about $4,780,000. Rivernorth Capital Management LLC lifted its stake in shares of Saba Capital Income & Opportunities Fund II by 37.5% in the third quarter. Rivernorth Capital Management LLC now owns 4,575,754 shares of the company’s stock worth $38,940,000 after buying an additional 1,246,847 shares in the last quarter. Finally, Shaker Financial Services LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the third quarter worth about $1,304,000. Institutional investors and hedge funds own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Price Performance

NYSE:SABA opened at $9.19 on Friday. The company’s 50-day moving average price is $9.07 and its 200-day moving average price is $8.71. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.28 and a twelve month high of $9.43.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 11th will be paid a dividend of $0.058 per share. This represents a $0.70 dividend on an annualized basis and a yield of 7.57%. The ex-dividend date of this dividend is Tuesday, February 11th.

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.