XML Financial LLC Buys 3,980 Shares of Saba Closed-End Funds ETF (BATS:CEFS)

XML Financial LLC raised its stake in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 33.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,043 shares of the company’s stock after purchasing an additional 3,980 shares during the period. XML Financial LLC owned 0.17% of Saba Closed-End Funds ETF worth $332,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CEFS. NBC Securities Inc. bought a new position in shares of Saba Closed-End Funds ETF during the 4th quarter valued at about $29,000. Thompson Siegel & Walmsley LLC raised its position in shares of Saba Closed-End Funds ETF by 100.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 10,000 shares of the company’s stock valued at $190,000 after buying an additional 5,000 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new stake in shares of Saba Closed-End Funds ETF during the 1st quarter valued at about $204,000. Principal Securities Inc. purchased a new stake in shares of Saba Closed-End Funds ETF during the 4th quarter valued at about $447,000. Finally, Adalta Capital Management LLC raised its position in shares of Saba Closed-End Funds ETF by 2.0% during the 1st quarter. Adalta Capital Management LLC now owns 26,135 shares of the company’s stock valued at $540,000 after buying an additional 500 shares in the last quarter.

Saba Closed-End Funds ETF Price Performance

Shares of BATS CEFS traded down $0.02 during mid-day trading on Thursday, hitting $21.46. 49,755 shares of the company’s stock traded hands. The company’s 50-day moving average is $21.19 and its two-hundred day moving average is $20.35. The company has a market capitalization of $198.51 million, a P/E ratio of 18.35 and a beta of 0.72. Saba Closed-End Funds ETF has a 1 year low of $19.83 and a 1 year high of $22.14.

Saba Closed-End Funds ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, June 25th. Stockholders of record on Monday, June 24th were given a dividend of $0.14 per share. The ex-dividend date was Monday, June 24th.

About Saba Closed-End Funds ETF

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.