Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) Plans $0.09 Monthly Dividend

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) declared a monthly dividend on Monday, August 31st. Investors of record on Wednesday, September 9th will be given a dividend of 0.085 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 15.7%. The ex-dividend date is Wednesday, September 9th.

Saba Capital Income & Opportunities Fund Stock Performance

BRW traded down $0.06 during trading on Tuesday, hitting $6.50. 241,032 shares of the company traded hands, compared to its average volume of 243,900. The stock’s 50-day simple moving average is $6.60 and its two-hundred day simple moving average is $6.64. Saba Capital Income & Opportunities Fund has a 1 year low of $6.38 and a 1 year high of $8.37.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BRW. Cetera Investment Advisers lifted its position in shares of Saba Capital Income & Opportunities Fund by 7.3% in the second quarter. Cetera Investment Advisers now owns 63,974 shares of the company’s stock worth $516,000 after buying an additional 4,332 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Saba Capital Income & Opportunities Fund by 1.1% during the 2nd quarter. Baird Financial Group Inc. now owns 148,026 shares of the company’s stock valued at $1,193,000 after buying an additional 1,655 shares in the last quarter. Cerity Partners LLC increased its stake in Saba Capital Income & Opportunities Fund by 3.3% in the 2nd quarter. Cerity Partners LLC now owns 47,562 shares of the company’s stock worth $383,000 after acquiring an additional 1,525 shares during the last quarter. NewEdge Advisors LLC increased its stake in Saba Capital Income & Opportunities Fund by 16.7% in the 2nd quarter. NewEdge Advisors LLC now owns 282,185 shares of the company’s stock worth $2,274,000 after acquiring an additional 40,431 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of Saba Capital Income & Opportunities Fund by 16.3% during the 2nd quarter. Raymond James Financial Inc. now owns 98,579 shares of the company’s stock worth $795,000 after acquiring an additional 13,829 shares in the last quarter.

About Saba Capital Income & Opportunities Fund

Saba Capital Income & Opportunities Fund is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is managed by Saba Capital Management, L.P. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in floating rate secured senior loans, with an emphasis on top-tier, non-investment grade senior loans. The fund seeks to invest in loans with maturities of one to ten years.