Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) Trading 0.4% Higher – Still a Buy?

Shares of Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) traded up 0.4% during mid-day trading on Monday . The stock traded as high as $7.64 and last traded at $7.64. 118,744 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 158,528 shares. The stock had previously closed at $7.61.

Saba Capital Income & Opportunities Fund Stock Performance

The firm’s 50-day simple moving average is $7.48 and its 200 day simple moving average is $7.32.

Saba Capital Income & Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 11th will be paid a dividend of $0.085 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 13.35%. The ex-dividend date is Friday, November 8th.

Institutional Investors Weigh In On Saba Capital Income & Opportunities Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Sea Otter Advisors LLC bought a new position in Saba Capital Income & Opportunities Fund during the second quarter worth $35,000. Creative Financial Designs Inc. ADV bought a new position in shares of Saba Capital Income & Opportunities Fund during the third quarter worth approximately $74,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Saba Capital Income & Opportunities Fund in the second quarter valued at approximately $124,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Saba Capital Income & Opportunities Fund in the third quarter valued at approximately $215,000. Finally, Wedbush Securities Inc. acquired a new stake in Saba Capital Income & Opportunities Fund during the second quarter worth approximately $271,000.

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.