Choreo LLC Buys 86,036 Shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Choreo LLC raised its stake in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) by 74.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 200,876 shares of the company’s stock after acquiring an additional 86,036 shares during the period. Choreo LLC owned approximately 0.62% of Saba Capital Income & Opportunities Fund II worth $1,813,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Tidal Investments LLC lifted its stake in shares of Saba Capital Income & Opportunities Fund II by 1.2% in the 3rd quarter. Tidal Investments LLC now owns 110,724 shares of the company’s stock worth $942,000 after purchasing an additional 1,300 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Saba Capital Income & Opportunities Fund II by 751.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,255 shares of the company’s stock worth $36,000 after purchasing an additional 3,755 shares during the period. Gilman Hill Asset Management LLC lifted its stake in shares of Saba Capital Income & Opportunities Fund II by 75.0% in the 4th quarter. Gilman Hill Asset Management LLC now owns 17,500 shares of the company’s stock worth $159,000 after purchasing an additional 7,500 shares during the period. Independent Advisor Alliance lifted its stake in shares of Saba Capital Income & Opportunities Fund II by 22.7% in the 3rd quarter. Independent Advisor Alliance now owns 74,825 shares of the company’s stock worth $637,000 after purchasing an additional 13,850 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II in the 4th quarter worth approximately $131,000. Institutional investors own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Trading Up 0.2 %

Shares of NYSE:SABA opened at $9.20 on Friday. The firm’s 50 day moving average price is $9.05 and its 200-day moving average price is $8.68. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.28 and a twelve month high of $9.43.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 11th will be issued a $0.058 dividend. This represents a $0.70 annualized dividend and a yield of 7.57%. The ex-dividend date is Tuesday, February 11th.

Saba Capital Income & Opportunities Fund II Company Profile

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.