Principal Securities Inc. Purchases 1,575 Shares of Saba Closed-End Funds ETF (BATS:CEFS)

Principal Securities Inc. increased its position in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,186 shares of the company’s stock after purchasing an additional 1,575 shares during the period. Principal Securities Inc. owned about 0.35% of Saba Closed-End Funds ETF worth $689,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC bought a new stake in shares of Saba Closed-End Funds ETF during the third quarter valued at approximately $36,000. Future Financial Wealth Managment LLC boosted its stake in 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 valued at $63,000 after buying an additional 950 shares in the last quarter. Columbus Macro LLC acquired a new stake in Saba Closed-End Funds ETF in the 4th quarter valued at $197,000. Hilltop Holdings Inc. acquired a new stake in Saba Closed-End Funds ETF in the 3rd quarter valued at $205,000. Finally, Stifel Financial Corp acquired a new stake in Saba Closed-End Funds ETF in the 3rd quarter valued at $225,000.

Saba Closed-End Funds ETF Price Performance

Shares of CEFS stock opened at $22.49 on Friday. The stock’s fifty day simple moving average is $22.04 and its 200 day simple moving average is $21.97. The firm has a market cap of $208.03 million, a price-to-earnings ratio of 18.35 and a beta of 0.72. Saba Closed-End Funds ETF has a one year low of $19.83 and a one year high of $22.14.

Saba Closed-End Funds ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 30th were paid a $0.2197 dividend. The ex-dividend date was Monday, December 30th. This is a positive change from Saba Closed-End Funds ETF’s previous dividend of $0.14.

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.