Saba Capital Income & Opportunities Fund II (NYSE:SABA) Major Shareholder Sells $37,672.38 in Stock

Saba Capital Income & Opportunities Fund II (NYSE:SABA) major shareholder Saba Capital Management, L.P. sold 4,453 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $8.46, for a total transaction of $37,672.38. Following the completion of the transaction, the insider now owns 3,450,271 shares in the company, valued at $29,189,292.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Wednesday, September 25th, Saba Capital Management, L.P. sold 70,046 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.38, for a total transaction of $586,985.48.

Saba Capital Income & Opportunities Fund II Price Performance

Shares of Saba Capital Income & Opportunities Fund II stock opened at $8.37 on Friday. The stock’s fifty day moving average is $8.35 and its 200 day moving average is $7.88. Saba Capital Income & Opportunities Fund II has a one year low of $7.28 and a one year high of $8.65.

Saba Capital Income & Opportunities Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be paid a $0.058 dividend. This represents a $0.70 annualized dividend and a dividend yield of 8.32%. The ex-dividend date is Tuesday, September 10th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Melfa Wealth Management Inc. purchased a new stake in Saba Capital Income & Opportunities Fund II in the 2nd quarter worth approximately $188,000. Family Firm Inc. purchased a new stake in shares of Saba Capital Income & Opportunities Fund II in the second quarter worth $83,000. Avion Wealth bought a new stake in shares of Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at $338,000. HB Wealth Management LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at $98,000. Finally, Nations Financial Group Inc. IA ADV purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at $253,000. 22.22% of the stock is owned by hedge funds and other institutional investors.

About Saba Capital Income & Opportunities Fund II

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.