Farther Finance Advisors LLC Has $48,000 Stake in Saba Closed-End Funds ETF (BATS:CEFS)

Farther Finance Advisors LLC lifted its position in Saba Closed-End Funds ETF (BATS:CEFS) by 36.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,220 shares of the company’s stock after purchasing an additional 590 shares during the quarter. Farther Finance Advisors LLC’s holdings in Saba Closed-End Funds ETF were worth $48,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CEFS. Proficio Capital Partners LLC grew its position in 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 acquiring an additional 1,187,374 shares during the period. Raymond James Financial Inc. bought a new stake in Saba Closed-End Funds ETF in the fourth quarter valued at $3,214,000. New England Private Wealth Advisors LLC grew its position in Saba Closed-End Funds ETF by 639.2% in the fourth quarter. New England Private Wealth Advisors LLC now owns 110,748 shares of the company’s stock valued at $2,372,000 after acquiring an additional 95,766 shares during the period. Foundations Investment Advisors LLC grew its position in Saba Closed-End Funds ETF by 23.4% in the fourth 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 period. Finally, XML Financial LLC grew its position in Saba Closed-End Funds ETF by 105.3% in the fourth quarter. XML Financial LLC now owns 65,746 shares of the company’s stock valued at $1,408,000 after acquiring an additional 33,720 shares during the period.

Saba Closed-End Funds ETF Stock Performance

Shares of CEFS stock opened at $21.81 on Monday. The stock’s fifty day moving average is $22.02 and its 200-day moving average is $22.03. The stock has a market capitalization of $261.66 million, a PE ratio of 23.25 and a beta of 0.84. Saba Closed-End Funds ETF has a 52 week low of $19.43 and a 52 week high of $22.70.

Saba Closed-End Funds ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 30th were issued a dividend of $0.2197 per share. The ex-dividend date of this dividend was Monday, December 30th. This is a boost from Saba Closed-End Funds ETF’s previous dividend of $0.14.

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.