HighTower Advisors LLC Cuts Stake in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

HighTower Advisors LLC cut its holdings in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) by 11.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,156 shares of the company’s stock after selling 4,038 shares during the period. HighTower Advisors LLC owned about 0.10% of Saba Capital Income & Opportunities Fund II worth $282,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter worth $131,000. Garden State Investment Advisory Services LLC acquired a new position in Saba Capital Income & Opportunities Fund II in the third quarter worth approximately $138,000. Noble Wealth Management PBC acquired a new position in shares of Saba Capital Income & Opportunities Fund II in the 4th quarter valued at $151,000. Gilman Hill Asset Management LLC lifted its position in shares of Saba Capital Income & Opportunities Fund II by 75.0% in the 4th quarter. Gilman Hill Asset Management LLC now owns 17,500 shares of the company’s stock valued at $159,000 after acquiring an additional 7,500 shares in the last quarter. Finally, K2 Principal Fund L.P. purchased a new stake in Saba Capital Income & Opportunities Fund II in the 3rd quarter worth about $170,000. 22.22% of the stock is currently owned by hedge funds and other institutional investors.

Saba Capital Income & Opportunities Fund II Trading Down 0.1 %

SABA stock opened at $8.68 on Thursday. Saba Capital Income & Opportunities Fund II has a 12-month low of $7.40 and a 12-month high of $9.43. The company has a 50 day moving average of $9.01 and a two-hundred day moving average of $8.84.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be paid a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.70 annualized dividend and a dividend yield of 8.02%.

About Saba Capital Income & Opportunities Fund II

Saba Capital Income & Opportunities Fund II is a closed-ended fixed income mutual fund launched and managed by Saba Capital Management, L.P. The fund invests in fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P.