Saba Closed-End Funds ETF (BATS:CEFS) Shares Acquired by Rovin Capital UT ADV

Rovin Capital UT ADV increased its position in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,715 shares of the company’s stock after acquiring an additional 3,339 shares during the period. Rovin Capital UT ADV’s holdings in Saba Closed-End Funds ETF were worth $1,172,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Foundations Investment Advisors LLC raised its holdings in shares of Saba Closed-End Funds ETF by 12.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 217,417 shares of the company’s stock worth $4,838,000 after purchasing an additional 24,350 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Saba Closed-End Funds ETF by 36.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 58,531 shares of the company’s stock valued at $1,302,000 after purchasing an additional 15,517 shares during the last quarter. Fortress Wealth Management Inc. boosted its position in shares of Saba Closed-End Funds ETF by 4.3% in the 3rd quarter. Fortress Wealth Management Inc. now owns 340,909 shares of the company’s stock valued at $7,585,000 after purchasing an additional 14,164 shares during the period. XML Financial LLC increased its stake in Saba Closed-End Funds ETF by 79.1% in the 3rd quarter. XML Financial LLC now owns 32,026 shares of the company’s stock worth $713,000 after purchasing an additional 14,141 shares in the last quarter. Finally, Napa Wealth Management raised its holdings in Saba Closed-End Funds ETF by 34.4% during the 3rd quarter. Napa Wealth Management now owns 43,489 shares of the company’s stock worth $968,000 after buying an additional 11,138 shares during the period.

Saba Closed-End Funds ETF Price Performance

Saba Closed-End Funds ETF stock opened at $22.17 on Thursday. Saba Closed-End Funds ETF has a fifty-two week low of $19.83 and a fifty-two week high of $22.14. The firm’s 50 day simple moving average is $22.02 and its 200-day simple moving average is $21.83. The company has a market cap of $205.07 million, a P/E ratio of 18.35 and a beta of 0.72.

Saba Closed-End Funds ETF Increases Dividend

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

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.