10,127 Shares in Saba Closed-End Funds ETF (BATS:CEFS) Acquired by Stifel Financial Corp

Stifel Financial Corp bought a new stake in shares of Saba Closed-End Funds ETF (BATS:CEFS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,127 shares of the company’s stock, valued at approximately $225,000. Stifel Financial Corp owned about 0.11% of Saba Closed-End Funds ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Farther Finance Advisors LLC bought a new position in shares of Saba Closed-End Funds ETF during the third quarter valued at $36,000. Future Financial Wealth Managment LLC bought a new position in Saba Closed-End Funds ETF during the 3rd quarter valued at about $44,000. NBC Securities Inc. boosted its holdings in shares of Saba Closed-End Funds ETF by 62.4% during the 3rd quarter. NBC Securities Inc. now owns 3,827 shares of the company’s stock valued at $85,000 after acquiring an additional 1,470 shares during the last quarter. Calton & Associates Inc. purchased a new stake in shares of Saba Closed-End Funds ETF during the 3rd quarter valued at about $201,000. Finally, Hilltop Holdings Inc. bought a new stake in shares of Saba Closed-End Funds ETF in the third quarter worth approximately $205,000.

Saba Closed-End Funds ETF Stock Down 0.4 %

Shares of Saba Closed-End Funds ETF stock opened at $21.77 on Monday. Saba Closed-End Funds ETF has a twelve month low of $19.83 and a twelve month high of $22.14. The company’s 50 day moving average is $22.13 and its 200 day moving average is $21.78. The company has a market cap of $201.37 million, a price-to-earnings ratio of 18.35 and a beta of 0.72.

Saba Closed-End Funds ETF Increases Dividend

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

Saba Closed-End Funds ETF 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.