Saba Capital Income & Opportunities Fund (BRW) To Go Ex-Dividend on July 9th

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) announced a monthly dividend on Tuesday, June 30th. Stockholders of record on Thursday, July 9th will be given a dividend of 0.085 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 15.5%. The ex-dividend date is Thursday, July 9th.

Saba Capital Income & Opportunities Fund Stock Performance

BRW opened at $6.58 on Thursday. Saba Capital Income & Opportunities Fund has a twelve month low of $6.38 and a twelve month high of $8.49. The company has a 50-day moving average price of $6.72 and a 200 day moving average price of $6.73.

Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund

Several hedge funds and other institutional investors have recently made changes to their positions in BRW. Cerity Partners LLC increased its position in shares of Saba Capital Income & Opportunities Fund by 3.3% during the second quarter. Cerity Partners LLC now owns 47,562 shares of the company’s stock worth $383,000 after purchasing an additional 1,525 shares in the last quarter. Baird Financial Group Inc. boosted its stake 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 worth $1,193,000 after purchasing an additional 1,655 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Saba Capital Income & Opportunities Fund by 25.2% during the first quarter. Parallel Advisors LLC now owns 8,556 shares of the company’s stock worth $58,000 after buying an additional 1,722 shares in the last quarter. Decision Investments Inc. raised its position in shares of Saba Capital Income & Opportunities Fund by 13.4% in the first quarter. Decision Investments Inc. now owns 17,800 shares of the company’s stock valued at $120,000 after buying an additional 2,100 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its stake in shares of Saba Capital Income & Opportunities Fund by 14.1% in the fourth quarter. Corient Private Wealth LLC now owns 17,204 shares of the company’s stock worth $121,000 after buying an additional 2,126 shares in the last quarter.

Saba Capital Income & Opportunities Fund Company Profile

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.