HighTower Advisors LLC Decreases Stock Position in Saba Closed-End Funds ETF (BATS:CEFS)

HighTower Advisors LLC cut its stake in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 5.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,111 shares of the company’s stock after selling 900 shares during the quarter. HighTower Advisors LLC owned 0.18% of Saba Closed-End Funds ETF worth $379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Anfield Capital Management LLC purchased a new position in shares of Saba Closed-End Funds ETF in the second quarter valued at about $64,000. Foundations Investment Advisors LLC bought a new position in Saba Closed-End Funds ETF during the 2nd quarter valued at approximately $4,110,000. J.W. Cole Advisors Inc. raised its position in Saba Closed-End Funds ETF by 42.4% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 14,081 shares of the company’s stock valued at $300,000 after purchasing an additional 4,191 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Saba Closed-End Funds ETF in the 3rd quarter worth approximately $44,000. Finally, NBC Securities Inc. grew its position in shares of Saba Closed-End Funds ETF by 62.4% in the 3rd quarter. NBC Securities Inc. now owns 3,827 shares of the company’s stock worth $85,000 after buying an additional 1,470 shares during the last quarter.

Saba Closed-End Funds ETF Stock Up 0.6 %

Shares of Saba Closed-End Funds ETF stock opened at $21.71 on Monday. The business has a 50 day moving average of $22.17 and a 200 day moving average of $21.75. Saba Closed-End Funds ETF has a 52 week low of $19.83 and a 52 week high of $22.14. The company has a market cap of $200.82 million, a PE ratio of 18.35 and a beta of 0.72.

Saba Closed-End Funds ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 25th were issued a $0.14 dividend. The ex-dividend date of this dividend was Monday, November 25th.

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.