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

Saba Capital Income & Opportunities Fund II (NYSE:SABA) announced a monthly dividend on Friday, May 29th. Investors of record on Tuesday, June 9th will be paid a dividend of 0.058 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date is Tuesday, June 9th.

Saba Capital Income & Opportunities Fund II Price Performance

Shares of Saba Capital Income & Opportunities Fund II stock opened at $8.35 on Friday. The firm has a 50 day simple moving average of $8.43 and a 200 day simple moving average of $8.36. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.96 and a fifty-two week high of $9.46.

Institutional Trading of Saba Capital Income & Opportunities Fund II

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rivernorth Capital Management LLC increased its holdings in shares of Saba Capital Income & Opportunities Fund II by 2.4% in the first quarter. Rivernorth Capital Management LLC now owns 2,857,603 shares of the company’s stock valued at $23,775,000 after purchasing an additional 66,554 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Saba Capital Income & Opportunities Fund II in the fourth quarter valued at approximately $8,423,000. Envestnet Asset Management Inc. increased its holdings in shares of Saba Capital Income & Opportunities Fund II by 2.6% in the third quarter. Envestnet Asset Management Inc. now owns 955,510 shares of the company’s stock valued at $8,714,000 after purchasing an additional 24,034 shares in the last quarter. Scotia Capital Inc. grew its holdings in Saba Capital Income & Opportunities Fund II by 17.8% during the 3rd quarter. Scotia Capital Inc. now owns 428,883 shares of the company’s stock worth $3,911,000 after acquiring an additional 64,711 shares during the period. Finally, Invesco Ltd. grew its holdings in Saba Capital Income & Opportunities Fund II by 3.8% during the 4th quarter. Invesco Ltd. now owns 418,725 shares of the company’s stock worth $3,454,000 after acquiring an additional 15,204 shares during the period. Institutional investors and hedge funds 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.