Columbus Macro LLC Boosts Holdings in Saba Closed-End Funds ETF $CEFS

Columbus Macro LLC raised its position in Saba Closed-End Funds ETF (BATS:CEFS) by 3,216.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 246,616 shares of the company’s stock after buying an additional 239,180 shares during the quarter. Columbus Macro LLC’s holdings in Saba Closed-End Funds ETF were worth $5,682,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of Saba Closed-End Funds ETF by 310.5% in the 1st quarter. Royal Bank of Canada now owns 124,181 shares of the company’s stock worth $2,649,000 after acquiring an additional 93,930 shares during the period. Raymond James Financial Inc. increased its stake in shares of Saba Closed-End Funds ETF by 49.0% during the second quarter. Raymond James Financial Inc. now owns 263,270 shares of the company’s stock worth $5,855,000 after acquiring an additional 86,527 shares during the period. AdvisorNet Financial Inc raised its holdings in Saba Closed-End Funds ETF by 45.9% during the third quarter. AdvisorNet Financial Inc now owns 194,168 shares of the company’s stock worth $4,421,000 after purchasing an additional 61,084 shares in the last quarter. New England Private Wealth Advisors LLC raised its holdings in Saba Closed-End Funds ETF by 13.8% during the third quarter. New England Private Wealth Advisors LLC now owns 358,330 shares of the company’s stock worth $8,159,000 after purchasing an additional 43,317 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Saba Closed-End Funds ETF by 50.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 111,235 shares of the company’s stock valued at $2,527,000 after purchasing an additional 37,058 shares during the period.

Saba Closed-End Funds ETF Stock Performance

Shares of CEFS opened at $22.16 on Monday. Saba Closed-End Funds ETF has a twelve month low of $18.59 and a twelve month high of $23.65. The stock’s 50 day moving average is $23.05 and its two-hundred day moving average is $22.88. The firm has a market capitalization of $294.73 million, a PE ratio of 21.88 and a beta of 0.72.

Saba Closed-End Funds ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were issued a $0.14 dividend. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend was Wednesday, February 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. CEFS was launched on Mar 21, 2017 and is managed by Saba.