Shares of Saba Closed-End Funds ETF (BATS:CEFS – Get Free Report) dropped 0.4% during mid-day trading on Monday . The stock traded as low as $25.14 and last traded at $25.23. Approximately 135,239 shares traded hands during mid-day trading, an increase of 50% from the average daily volume of 90,356 shares. The stock had previously closed at $25.34.
Saba Closed-End Funds ETF Price Performance
The business has a 50-day moving average of $25.34 and a 200 day moving average of $24.38. The company has a market capitalization of $335.56 million, a PE ratio of 21.88 and a beta of 0.72.
Institutional Trading of Saba Closed-End Funds ETF
Hedge funds have recently modified their holdings of the company. SHP Wealth Management purchased a new position in shares of Saba Closed-End Funds ETF in the fourth quarter valued at $43,000. NBC Securities Inc. raised its stake in Saba Closed-End Funds ETF by 14.6% during the fourth quarter. NBC Securities Inc. now owns 6,440 shares of the company’s stock valued at $148,000 after purchasing an additional 821 shares in the last quarter. Anfield Capital Management LLC raised its stake in Saba Closed-End Funds ETF by 32.1% during the fourth quarter. Anfield Capital Management LLC now owns 7,429 shares of the company’s stock valued at $171,000 after purchasing an additional 1,806 shares in the last quarter. Encompass More Asset Management bought a new position in Saba Closed-End Funds ETF during the fourth quarter valued at $216,000. Finally, Closed End Fund Advisors Inc. bought a new position in Saba Closed-End Funds ETF during the fourth quarter valued at $241,000.
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.
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