Rivernorth Capital Management LLC Has $1.23 Million Stock Holdings in Saba Closed-End Funds ETF (BATS:CEFS)

Rivernorth Capital Management LLC lowered its stake in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 79.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,200 shares of the company’s stock after selling 208,210 shares during the period. Rivernorth Capital Management LLC’s holdings in Saba Closed-End Funds ETF were worth $1,228,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Farther Finance Advisors LLC bought a new stake in shares of Saba Closed-End Funds ETF in the 3rd quarter valued at approximately $36,000. Future Financial Wealth Managment LLC acquired a new stake in Saba Closed-End Funds ETF in the third quarter valued at approximately $44,000. Anfield Capital Management LLC bought a new stake in Saba Closed-End Funds ETF in the second quarter worth approximately $64,000. NBC Securities Inc. increased its stake in shares of Saba Closed-End Funds ETF by 62.4% during the 3rd quarter. NBC Securities Inc. now owns 3,827 shares of the company’s stock worth $85,000 after purchasing an additional 1,470 shares during the last quarter. Finally, Calton & Associates Inc. bought a new position in shares of Saba Closed-End Funds ETF during the 3rd quarter valued at $201,000.

Saba Closed-End Funds ETF Trading Down 0.3 %

Shares of BATS:CEFS opened at $22.31 on Friday. The stock has a market capitalization of $206.37 million, a PE 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. The firm has a fifty day moving average price of $22.20 and a 200 day moving average price of $21.68.

Saba Closed-End Funds ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, November 26th. Stockholders of record on Monday, November 25th were paid a dividend of $0.14 per share. The ex-dividend date was Monday, November 25th.

Saba Closed-End Funds ETF Company 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.