Saba Closed-End Funds ETF (BATS:CEFS) Shares Sold by LPL Financial LLC

LPL Financial LLC decreased its holdings in Saba Closed-End Funds ETF (BATS:CEFS) by 13.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 430,086 shares of the company’s stock after selling 68,688 shares during the quarter. LPL Financial LLC owned approximately 4.65% of Saba Closed-End Funds ETF worth $9,212,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CEFS. Hilltop Holdings Inc. acquired a new stake in Saba Closed-End Funds ETF in the third quarter valued at $205,000. Stifel Financial Corp bought a new position in Saba Closed-End Funds ETF during the third quarter worth $225,000. Future Financial Wealth Managment LLC lifted its position in shares of Saba Closed-End Funds ETF by 47.5% in the 4th quarter. Future Financial Wealth Managment LLC now owns 2,950 shares of the company’s stock worth $63,000 after buying an additional 950 shares during the last quarter. Rovin Capital UT ADV lifted its holdings in Saba Closed-End Funds ETF by 6.5% in the fourth quarter. Rovin Capital UT ADV now owns 54,715 shares of the company’s stock worth $1,172,000 after acquiring an additional 3,339 shares during the last quarter. Finally, XML Financial LLC lifted its holdings in shares of Saba Closed-End Funds ETF by 105.3% in 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 last quarter.

Saba Closed-End Funds ETF Stock Performance

The company’s 50-day moving average price is $21.87 and its two-hundred day moving average price is $22.00. The firm has a market capitalization of $205.07 million, a P/E ratio of 23.07 and a beta of 0.71. Saba Closed-End Funds ETF has a 1-year low of $19.43 and a 1-year high of $22.70.

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.