Columbus Macro LLC Makes New Investment in Saba Closed-End Funds ETF (BATS:CEFS)

Columbus Macro LLC bought a new stake in Saba Closed-End Funds ETF (BATS:CEFS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,194 shares of the company’s stock, valued at approximately $197,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oregon Pacific Wealth Management LLC acquired a new position in shares of Saba Closed-End Funds ETF in the fourth quarter valued at about $476,000. Fortress Wealth Management Inc. increased its holdings in Saba Closed-End Funds ETF by 9.0% in the 4th quarter. Fortress Wealth Management Inc. now owns 371,478 shares of the company’s stock worth $7,957,000 after buying an additional 30,569 shares during the period. Foundations Investment Advisors LLC raised its position in Saba Closed-End Funds ETF by 23.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 268,378 shares of the company’s stock worth $5,749,000 after buying an additional 50,961 shares during the last quarter. Grimes & Company Inc. lifted its stake in Saba Closed-End Funds ETF by 27.6% during the 4th quarter. Grimes & Company Inc. now owns 30,273 shares of the company’s stock valued at $648,000 after acquiring an additional 6,550 shares during the period. Finally, Avior Wealth Management LLC boosted its holdings in shares of Saba Closed-End Funds ETF by 11.7% in the 4th quarter. Avior Wealth Management LLC now owns 40,165 shares of the company’s stock valued at $860,000 after acquiring an additional 4,191 shares during the last quarter.

Saba Closed-End Funds ETF Price Performance

Shares of Saba Closed-End Funds ETF stock opened at $22.26 on Wednesday. The stock has a market cap of $205.86 million, a PE ratio of 18.35 and a beta of 0.72. The firm has a fifty day moving average price of $22.06 and a 200 day moving average price of $21.89. 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 Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 30th were issued a $0.2197 dividend. The ex-dividend date was Monday, December 30th. This is a boost from Saba Closed-End Funds ETF’s previous dividend of $0.14.

Saba Closed-End Funds ETF 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.