XML Financial LLC Purchases 21,379 Shares of Saba Closed-End Funds ETF $CEFS

XML Financial LLC increased its position in Saba Closed-End Funds ETF (BATS:CEFS) by 7.9% in the third quarter, Holdings Channel.com reports. The fund owned 291,690 shares of the company’s stock after purchasing an additional 21,379 shares during the period. XML Financial LLC’s holdings in Saba Closed-End Funds ETF were worth $7,151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CEFS. Integrated Wealth Concepts LLC purchased a new stake in Saba Closed-End Funds ETF during the 2nd quarter valued at $221,000. First Heartland Consultants Inc. increased its holdings in shares of Saba Closed-End Funds ETF by 10.5% in the 2nd quarter. First Heartland Consultants Inc. now owns 10,416 shares of the company’s stock worth $267,000 after purchasing an additional 987 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Saba Closed-End Funds ETF by 6.0% in the 1st quarter. Private Advisor Group LLC now owns 16,454 shares of the company’s stock worth $371,000 after purchasing an additional 933 shares in the last quarter. Unified Investment Management raised its stake in shares of Saba Closed-End Funds ETF by 2.5% in the first quarter. Unified Investment Management now owns 21,081 shares of the company’s stock worth $475,000 after purchasing an additional 509 shares during the last quarter. Finally, Integrated Advisors Network LLC purchased a new position in shares of Saba Closed-End Funds ETF in the third quarter worth $483,000.

Saba Closed-End Funds ETF Price Performance

Shares of BATS:CEFS opened at $24.15 on Tuesday. The company has a market cap of $321.19 million, a P/E ratio of 21.88 and a beta of 0.72. Saba Closed-End Funds ETF has a 1 year low of $22.05 and a 1 year high of $25.98. The stock’s fifty day moving average price is $24.68 and its 200-day moving average price is $24.37.

Saba Closed-End Funds ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were issued a $0.2460 dividend. This represents a $2.95 annualized dividend and a yield of 12.2%. The ex-dividend date was Monday, September 28th. This is a positive change from Saba Closed-End Funds ETF’s previous monthly dividend of $0.14.

About Saba Closed-End Funds ETF

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.