Oregon Pacific Wealth Management LLC Purchases New Stake in Saba Closed-End Funds ETF (BATS:CEFS)

Oregon Pacific Wealth Management LLC acquired a new position in shares of Saba Closed-End Funds ETF (BATS:CEFS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,203 shares of the company’s stock, valued at approximately $476,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CEFS. Foundations Investment Advisors LLC increased its stake in shares of Saba Closed-End Funds ETF by 23.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 268,378 shares of the company’s stock valued at $5,749,000 after acquiring an additional 50,961 shares during the last quarter. XML Financial LLC increased its position in Saba Closed-End Funds ETF by 105.3% during the fourth quarter. XML Financial LLC now owns 65,746 shares of the company’s stock worth $1,408,000 after buying an additional 33,720 shares during the last quarter. Fortress Wealth Management Inc. lifted its position in shares of Saba Closed-End Funds ETF by 9.0% in the fourth quarter. Fortress Wealth Management Inc. now owns 371,478 shares of the company’s stock valued at $7,957,000 after buying an additional 30,569 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Saba Closed-End Funds ETF in the 4th quarter valued at $612,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Saba Closed-End Funds ETF by 36.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 58,531 shares of the company’s stock valued at $1,302,000 after purchasing an additional 15,517 shares during the last quarter.

Saba Closed-End Funds ETF Stock Performance

Shares of CEFS opened at $22.22 on Monday. The firm’s 50-day simple moving average is $22.05 and its 200 day simple moving average is $21.88. The firm has a market cap of $205.54 million, a P/E ratio of 18.35 and a beta of 0.72. Saba Closed-End Funds ETF has a 52 week low of $19.83 and a 52 week high of $22.14.

Saba Closed-End Funds ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 30th were given a $0.2197 dividend. This is an increase from Saba Closed-End Funds ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, December 30th.

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.