Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) Trading Down 0.3% – Should You Sell?

Saba Capital Income & Opportunities Fund (NYSEARCA:BRWGet Free Report) traded down 0.3% on Friday . The stock traded as low as $7.72 and last traded at $7.75. 163,932 shares changed hands during trading, a decline of 50% from the average session volume of 325,095 shares. The stock had previously closed at $7.77.

Saba Capital Income & Opportunities Fund Stock Down 0.3 %

The stock has a 50 day simple moving average of $7.76 and a 200-day simple moving average of $7.51.

Saba Capital Income & Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be issued a $0.085 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 13.16%. The ex-dividend date is Friday, January 10th.

Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund

Large investors have recently modified their holdings of the stock. Marks Group Wealth Management Inc boosted its position in shares of Saba Capital Income & Opportunities Fund by 0.7% during the third quarter. Marks Group Wealth Management Inc now owns 185,636 shares of the company’s stock valued at $1,409,000 after buying an additional 1,380 shares during the period. Peak Financial Advisors LLC grew its position in Saba Capital Income & Opportunities Fund by 6.4% in the 3rd quarter. Peak Financial Advisors LLC now owns 61,148 shares of the company’s stock valued at $464,000 after acquiring an additional 3,655 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Saba Capital Income & Opportunities Fund by 3.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 156,451 shares of the company’s stock valued at $1,225,000 after purchasing an additional 4,894 shares during the period. Sea Otter Advisors LLC bought a new position in shares of Saba Capital Income & Opportunities Fund in the second quarter worth about $35,000. Finally, SeaCrest Wealth Management LLC increased its stake in Saba Capital Income & Opportunities Fund by 13.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 48,502 shares of the company’s stock worth $368,000 after buying an additional 5,695 shares during the period.

About Saba Capital Income & Opportunities Fund

(Get Free Report)

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.

Further Reading

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