Hara Capital LLC Sells 27,078 Shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Hara Capital LLC trimmed its holdings in Saba Capital Income & Opportunities Fund II (NYSE:SABA) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 325,085 shares of the company’s stock after selling 27,078 shares during the period. Saba Capital Income & Opportunities Fund II accounts for about 1.9% of Hara Capital LLC’s portfolio, making the stock its 13th biggest holding. Hara Capital LLC’s holdings in Saba Capital Income & Opportunities Fund II were worth $2,945,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in shares of Saba Capital Income & Opportunities Fund II by 751.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,255 shares of the company’s stock valued at $36,000 after purchasing an additional 3,755 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Saba Capital Income & Opportunities Fund II during the 4th quarter worth approximately $131,000. Garden State Investment Advisory Services LLC acquired a new stake in Saba Capital Income & Opportunities Fund II during the 3rd quarter worth approximately $138,000. Gilman Hill Asset Management LLC boosted its position in Saba Capital Income & Opportunities Fund II by 75.0% during the 4th quarter. Gilman Hill Asset Management LLC now owns 17,500 shares of the company’s stock worth $159,000 after buying an additional 7,500 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Saba Capital Income & Opportunities Fund II during the 3rd quarter worth approximately $163,000. 22.22% of the stock is owned by institutional investors and hedge funds.

Saba Capital Income & Opportunities Fund II Trading Up 0.1 %

NYSE:SABA opened at $9.20 on Tuesday. Saba Capital Income & Opportunities Fund II has a one year low of $7.28 and a one year high of $9.43. The firm’s 50 day simple moving average is $9.08 and its 200 day simple moving average is $8.73.

Saba Capital Income & Opportunities Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 11th will be given a dividend of $0.058 per share. The ex-dividend date is Tuesday, February 11th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.57%.

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.