Saba Closed-End Funds ETF (BATS:CEFS) to Issue $0.14 Monthly Dividend

Saba Closed-End Funds ETF (BATS:CEFS) announced a monthly dividend on Tuesday, January 27th. Investors of record on Wednesday, January 28th will be given a dividend of 0.14 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Wednesday, January 28th.

Saba Closed-End Funds ETF Stock Up 5.8%

Shares of CEFS stock traded up $1.29 during mid-day trading on Wednesday, reaching $23.29. The stock had a trading volume of 88,133 shares, compared to its average volume of 72,660. Saba Closed-End Funds ETF has a one year low of $18.59 and a one year high of $22.70. The firm has a market cap of $309.69 million, a PE ratio of 21.88 and a beta of 0.72. The firm’s 50 day simple moving average is $22.87 and its 200 day simple moving average is $22.70.

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. CEFS was launched on Mar 21, 2017 and is managed by Saba.