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Thomas J. Herzfeld Advisors Inc. nearly tripled its stake in SABA while selling off CEFS shares.
Thomas J. Herzfeld Advisors Inc. significantly increased its holdings in Saba Capital Income & Opportunities Fund II (SABA) by 152% in the fourth quarter, now owning 1,436,590 shares worth $13,016,000.
This move makes SABA the fourth-largest holding in Herzfeld Advisors' portfolio.
Meanwhile, Herzfeld Advisors sold 9.2% of Saba Closed-End Funds ETF (CEFS) shares, down to 16,448 shares, as the fund's net asset value declined by 639.2%.
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Thomas J. Herzfeld Advisors Inc. casi triplicó su participación en SABA mientras vendía acciones de CEFS.