Independent Advisor Alliance Buys 13,850 Shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Independent Advisor Alliance raised its stake in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) by 22.7% in the 3rd quarter, Holdings Channel reports. The firm owned 74,825 shares of the company’s stock after purchasing an additional 13,850 shares during the quarter. Independent Advisor Alliance’s holdings in Saba Capital Income & Opportunities Fund II were worth $637,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. International Assets Investment Management LLC raised its position in shares of Saba Capital Income & Opportunities Fund II by 751.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,255 shares of the company’s stock worth $36,000 after acquiring an additional 3,755 shares in the last quarter. Gilman Hill Asset Management LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II in the 3rd quarter worth about $85,000. Family Firm Inc. bought a new position in shares of Saba Capital Income & Opportunities Fund II in the 2nd quarter worth about $83,000. HB Wealth Management LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II in the 2nd quarter worth about $98,000. Finally, Catalina Capital Group LLC grew its stake in shares of Saba Capital Income & Opportunities Fund II by 62.0% in the 3rd quarter. Catalina Capital Group LLC now owns 46,320 shares of the company’s stock valued at $394,000 after buying an additional 17,725 shares during the period. 22.22% of the stock is owned by institutional investors.

Insider Buying and Selling at Saba Capital Income & Opportunities Fund II

In other Saba Capital Income & Opportunities Fund II news, major shareholder Saba Capital Management, L.P. sold 32,871 shares of Saba Capital Income & Opportunities Fund II stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $8.48, for a total transaction of $278,746.08. Following the completion of the transaction, the insider now owns 3,158,589 shares in the company, valued at approximately $26,784,834.72. The trade was a 1.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 180,112 shares of company stock worth $1,523,150. Insiders own 6.18% of the company’s stock.

Saba Capital Income & Opportunities Fund II Stock Performance

Shares of SABA opened at $8.85 on Thursday. The stock has a 50-day moving average of $8.57 and a 200-day moving average of $8.19. Saba Capital Income & Opportunities Fund II has a one year low of $7.28 and a one year high of $9.00.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 11th will be paid a dividend of $0.058 per share. The ex-dividend date is Friday, November 8th. This represents a $0.70 dividend on an annualized basis and a yield of 7.86%.

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.