Clear Creek Financial Management LLC Buys Shares of 11,775 Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Clear Creek Financial Management LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,775 shares of the company’s stock, valued at approximately $102,000.

A number of other hedge funds also recently bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. increased its position in Saba Capital Income & Opportunities Fund II by 152.0% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,436,590 shares of the company’s stock valued at $13,016,000 after acquiring an additional 866,503 shares during the last quarter. Kovitz Investment Group Partners LLC increased its position in shares of Saba Capital Income & Opportunities Fund II by 9.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 757,297 shares of the company’s stock valued at $6,861,000 after purchasing an additional 65,881 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Saba Capital Income & Opportunities Fund II by 933.7% during the 4th quarter. Wells Fargo & Company MN now owns 716,776 shares of the company’s stock valued at $6,494,000 after purchasing an additional 647,432 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Saba Capital Income & Opportunities Fund II by 36.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 698,491 shares of the company’s stock valued at $6,328,000 after purchasing an additional 184,965 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Saba Capital Income & Opportunities Fund II by 5.3% during the 4th quarter. Invesco Ltd. now owns 400,236 shares of the company’s stock valued at $3,626,000 after purchasing an additional 20,227 shares during the last quarter. Hedge funds and other institutional investors own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Stock Down 0.5%

Shares of SABA stock opened at $9.21 on Friday. Saba Capital Income & Opportunities Fund II has a 12 month low of $7.69 and a 12 month high of $9.43. The company has a 50 day simple moving average of $8.84 and a two-hundred day simple moving average of $8.84.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Wednesday, July 9th will be paid a $0.058 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $0.70 annualized dividend and a dividend yield of 7.56%.

Saba Capital Income & Opportunities Fund II Profile

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.