Saba Capital Income & Opportunities Fund (NYSEARCA:BRW – Get Rating) announced a monthly dividend on Friday, December 30th, NASDAQ reports. Investors of record on Tuesday, January 10th will be given a dividend of 0.087 per share on Tuesday, January 31st. This represents a $1.04 dividend on an annualized basis and a yield of 13.32%. The ex-dividend date is Monday, January 9th.
Saba Capital Income & Opportunities Fund Stock Performance
BRW opened at $7.84 on Friday. Saba Capital Income & Opportunities Fund has a 1-year low of $7.46 and a 1-year high of $9.30. The stock's fifty day simple moving average is $7.84 and its 200 day simple moving average is $8.00.
Get Saba Capital Income & Opportunities Fund alerts:Insider Activity at Saba Capital Income & Opportunities Fund
In related news, major shareholder Saba Capital Management, L.P. sold 31,134 shares of the stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $7.80, for a total value of $242,845.20. Following the sale, the insider now owns 4,281,339 shares in the company, valued at approximately $33,394,444.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. acquired a new position in Saba Capital Income & Opportunities Fund in the 3rd quarter valued at $265,000. Baird Financial Group Inc. grew its holdings in shares of Saba Capital Income & Opportunities Fund by 15.1% during the 3rd quarter. Baird Financial Group Inc. now owns 129,971 shares of the company's stock worth $1,028,000 after purchasing an additional 17,011 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund during the 3rd quarter worth $99,000. Captrust Financial Advisors acquired a new stake in shares of Saba Capital Income & Opportunities Fund during the 2nd quarter worth $166,000. Finally, Walleye Capital LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund during the 2nd quarter worth $325,000.About Saba Capital Income & Opportunities Fund
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Saba Capital Income & Opportunities Fund is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is managed by Saba Capital Management, L.P. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.
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