Saba Closed-End Funds ETF (BATS:CEFS) Increases Dividend to $0.22 Per Share

Saba Closed-End Funds ETF (BATS:CEFS) announced a dividend on Friday, December 27th,NASDAQ Dividends reports. Stockholders of record on Monday, December 30th will be paid a dividend of 0.2197 per share on Tuesday, December 31st. The ex-dividend date of this dividend is Monday, December 30th. This is a boost from Saba Closed-End Funds ETF’s previous dividend of $0.14.

Saba Closed-End Funds ETF Price Performance

Shares of BATS CEFS traded down $0.08 during mid-day trading on Friday, reaching $21.77. 49,098 shares of the company traded hands. The stock has a fifty day simple moving average of $22.13 and a 200-day simple moving average of $21.77. The firm has a market cap of $201.37 million, a PE ratio of 18.35 and a beta of 0.72. Saba Closed-End Funds ETF has a fifty-two week low of $19.83 and a fifty-two week high of $22.14.

About Saba Closed-End Funds ETF

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.