Lionsbridge Wealth Management LLC Sells 2,482 Shares of Saba Closed-End Funds ETF (BATS:CEFS)

Lionsbridge Wealth Management LLC decreased its holdings in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,620 shares of the company’s stock after selling 2,482 shares during the period. Lionsbridge Wealth Management LLC’s holdings in Saba Closed-End Funds ETF were worth $956,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new position in shares of Saba Closed-End Funds ETF in the third quarter valued at approximately $36,000. Future Financial Wealth Managment LLC purchased a new stake in Saba Closed-End Funds ETF in the 3rd quarter valued at $44,000. NBC Securities Inc. lifted its stake in 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 in the last quarter. Calton & Associates Inc. purchased a new position in Saba Closed-End Funds ETF during the 3rd quarter worth $201,000. Finally, Hilltop Holdings Inc. purchased a new position in Saba Closed-End Funds ETF during the 3rd quarter worth $205,000.

Saba Closed-End Funds ETF Price Performance

Shares of CEFS stock opened at $22.23 on Monday. The firm has a 50-day moving average of $22.02 and a 200-day moving average of $21.84. Saba Closed-End Funds ETF has a one year low of $19.83 and a one year high of $22.14. The company has a market cap of $205.63 million, a P/E ratio of 18.35 and a beta of 0.72.

Saba Closed-End Funds ETF Increases Dividend

The company 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. This is a positive change from Saba Closed-End Funds ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, December 30th.

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.