Saba Capital Management L.P. raised its holdings in shares of DE ENHANCED Glb/COM (NYSE:DEX) by 3.7% in the first quarter, Holdings Channel reports. The institutional investor owned 1,907,485 shares of the company’s stock after buying an additional 67,757 shares during the quarter. DE ENHANCED Glb/COM accounts for about 1.2% of Saba Capital Management L.P.’s portfolio, making the stock its 11th biggest holding. Saba Capital Management L.P. owned 0.12% of DE ENHANCED Glb/COM worth $22,070,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Relative Value Partners Group LLC lifted its holdings in shares of DE ENHANCED Glb/COM by 74.4% during the first quarter. Relative Value Partners Group LLC now owns 28,204 shares of the company’s stock worth $326,000 after buying an additional 12,031 shares during the last quarter. Shaker Financial Services LLC acquired a new position in shares of DE ENHANCED Glb/COM during the first quarter worth approximately $187,000. UBS Group AG lifted its holdings in shares of DE ENHANCED Glb/COM by 201.2% during the first quarter. UBS Group AG now owns 64,406 shares of the company’s stock worth $745,000 after buying an additional 43,024 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of DE ENHANCED Glb/COM by 36.0% during the first quarter. LPL Financial LLC now owns 23,455 shares of the company’s stock worth $271,000 after buying an additional 6,211 shares during the last quarter. Finally, Bulldog Investors LLC lifted its holdings in shares of DE ENHANCED Glb/COM by 4.8% during the first quarter. Bulldog Investors LLC now owns 876,537 shares of the company’s stock worth $10,133,000 after buying an additional 40,109 shares during the last quarter.
In other DE ENHANCED Glb/COM news, major shareholder Saba Capital Management, L.P. purchased 36,436 shares of the business’s stock in a transaction dated Wednesday, April 4th. The stock was bought at an average cost of $11.54 per share, for a total transaction of $420,471.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have bought 124,433 shares of company stock valued at $1,467,233.
The firm also recently declared a monthly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a dividend of $0.104 per share. The ex-dividend date is Thursday, June 14th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 10.59%.
DE ENHANCED Glb/COM Profile
Delaware Enhanced Global Dividend and Income Fund is a diversified closed-end management investment fund. Its primary investment objective is to seek current income. Its secondary objective is capital appreciation. It invests in dividend-paying or income-generating securities across multiple asset classes, including equity securities of large companies, securities issued by real estate companies (real estate investment trusts and real estate industry operating companies), debt securities (such as government bonds, investment grade and high risk, high yield corporate bonds and convertible bonds) and emerging market securities.
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