Saba Capital Income & Opportunities Fund II (NYSE:SABA) Announces Monthly Dividend of $0.06

Saba Capital Income & Opportunities Fund II (NYSE:SABA) declared a monthly dividend on Monday, August 3rd. Investors of record on Tuesday, August 11th will be given a dividend of 0.058 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend is Tuesday, August 11th.

Saba Capital Income & Opportunities Fund II Stock Performance

SABA stock opened at $8.31 on Tuesday. Saba Capital Income & Opportunities Fund II has a 1-year low of $7.96 and a 1-year high of $9.46. The business has a 50 day simple moving average of $8.32 and a two-hundred day simple moving average of $8.28.

Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund II

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Walleye Capital LLC boosted its stake in shares of Saba Capital Income & Opportunities Fund II by 6.2% during the 2nd quarter. Walleye Capital LLC now owns 25,011 shares of the company’s stock worth $230,000 after purchasing an additional 1,468 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Saba Capital Income & Opportunities Fund II by 0.7% during the fourth quarter. Advisors Asset Management Inc. now owns 261,272 shares of the company’s stock valued at $2,155,000 after buying an additional 1,857 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Saba Capital Income & Opportunities Fund II by 2.9% in the second quarter. Raymond James Financial Inc. now owns 71,402 shares of the company’s stock worth $656,000 after buying an additional 1,997 shares during the period. Cetera Investment Advisers raised its holdings in shares of Saba Capital Income & Opportunities Fund II by 11.8% in the second quarter. Cetera Investment Advisers now owns 29,468 shares of the company’s stock worth $271,000 after buying an additional 3,118 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of Saba Capital Income & Opportunities Fund II by 12.0% during the 4th quarter. LPL Financial LLC now owns 34,619 shares of the company’s stock worth $286,000 after acquiring an additional 3,711 shares during the last quarter. Institutional investors own 22.22% of the company’s stock.

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. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.