Farther Finance Advisors LLC Invests $36,000 in Saba Closed-End Funds ETF (BATS:CEFS)

Farther Finance Advisors LLC acquired a new position in Saba Closed-End Funds ETF (BATS:CEFS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,630 shares of the company’s stock, valued at approximately $36,000.

Several other large investors also recently made changes to their positions in CEFS. J.W. Cole Advisors Inc. raised its stake in shares of Saba Closed-End Funds ETF by 74.0% in the third quarter. J.W. Cole Advisors Inc. now owns 24,498 shares of the company’s stock worth $545,000 after acquiring an additional 10,417 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Saba Closed-End Funds ETF by 36.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 58,531 shares of the company’s stock worth $1,302,000 after buying an additional 15,517 shares in the last quarter. Grimes & Company Inc. lifted its holdings in Saba Closed-End Funds ETF by 14.4% during the 3rd quarter. Grimes & Company Inc. now owns 23,723 shares of the company’s stock worth $528,000 after buying an additional 2,981 shares in the last quarter. Calton & Associates Inc. bought a new position in Saba Closed-End Funds ETF in the 3rd quarter valued at $201,000. Finally, Foundations Investment Advisors LLC increased its stake in shares of Saba Closed-End Funds ETF by 12.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 217,417 shares of the company’s stock valued at $4,838,000 after buying an additional 24,350 shares during the period.

Saba Closed-End Funds ETF Stock Up 0.0 %

Shares of CEFS opened at $22.06 on Friday. The stock’s fifty day simple moving average is $22.05 and its 200-day simple moving average is $21.42. The firm has a market capitalization of $204.06 million, a PE ratio of 18.35 and a beta of 0.72. Saba Closed-End Funds ETF has a 12-month low of $19.83 and a 12-month high of $22.14.

Saba Closed-End Funds ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 26th were issued a $0.14 dividend. The ex-dividend date of this dividend was Monday, August 26th.

Saba Closed-End Funds ETF 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.