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

Saba Capital Income & Opportunities Fund II (NYSE:SABA) declared a monthly dividend on Monday, February 2nd. Shareholders of record on Tuesday, February 10th will be paid a dividend of 0.058 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend is Tuesday, February 10th.

Saba Capital Income & Opportunities Fund II Stock Performance

Saba Capital Income & Opportunities Fund II stock opened at $8.10 on Tuesday. Saba Capital Income & Opportunities Fund II has a 52-week low of $7.72 and a 52-week high of $9.46. The business has a 50-day simple moving average of $8.45 and a two-hundred day simple moving average of $8.85.

Institutional Investors Weigh In On Saba Capital Income & Opportunities Fund II

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SABA. Abel Hall LLC purchased a new position in Saba Capital Income & Opportunities Fund II during the second quarter valued at approximately $92,000. Clear Creek Financial Management LLC increased its stake in Saba Capital Income & Opportunities Fund II by 10.6% in the 2nd quarter. Clear Creek Financial Management LLC now owns 13,025 shares of the company’s stock worth $120,000 after buying an additional 1,250 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Saba Capital Income & Opportunities Fund II by 4.7% in the second quarter. Envestnet Asset Management Inc. now owns 931,476 shares of the company’s stock valued at $8,560,000 after acquiring an additional 42,099 shares in the last quarter. Shaker Financial Services LLC raised its stake in Saba Capital Income & Opportunities Fund II by 14.4% during the 2nd quarter. Shaker Financial Services LLC now owns 288,813 shares of the company’s stock valued at $2,654,000 after purchasing an additional 36,294 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in Saba Capital Income & Opportunities Fund II by 11.8% in the 2nd quarter. Cetera Investment Advisers now owns 29,468 shares of the company’s stock worth $271,000 after purchasing an additional 3,118 shares in the last quarter. 22.22% of the stock is owned by hedge funds and other institutional investors.

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.