Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) Major Shareholder Acquires $94,380.12 in Stock

Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) major shareholder Saba Capital Management, L.P. bought 11,276 shares of the firm’s stock in a transaction on Tuesday, April 8th. The shares were acquired at an average price of $8.37 per share, for a total transaction of $94,380.12. Following the transaction, the insider now owns 1,545,610 shares in the company, valued at approximately $12,936,755.70. This represents a 0.73 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Thursday, April 3rd, Saba Capital Management, L.P. purchased 33,476 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average price of $8.88 per share, with a total value of $297,266.88.
• On Tuesday, April 1st, Saba Capital Management, L.P. acquired 34,285 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average price of $9.05 per share, for a total transaction of $310,279.25.

Ellsworth Growth and Income Fund Trading Up 1.2 %

NYSE:ECF opened at $8.54 on Friday. Ellsworth Growth and Income Fund Ltd. has a fifty-two week low of $7.55 and a fifty-two week high of $10.14. The stock has a fifty day moving average price of $9.40 and a 200-day moving average price of $9.53.

Ellsworth Growth and Income Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date of this dividend was Monday, March 17th.

Institutional Investors Weigh In On Ellsworth Growth and Income Fund

Large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. raised its position in shares of Ellsworth Growth and Income Fund by 61.4% in the 4th quarter. Advisors Asset Management Inc. now owns 368,889 shares of the company’s stock valued at $3,575,000 after buying an additional 140,392 shares in the last quarter. Sit Investment Associates Inc. increased its stake in Ellsworth Growth and Income Fund by 161.5% in the fourth quarter. Sit Investment Associates Inc. now owns 318,285 shares of the company’s stock valued at $3,084,000 after acquiring an additional 196,567 shares during the last quarter. Bulldog Investors LLP lifted its stake in Ellsworth Growth and Income Fund by 238.2% during the fourth quarter. Bulldog Investors LLP now owns 314,426 shares of the company’s stock worth $3,045,000 after purchasing an additional 221,447 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in shares of Ellsworth Growth and Income Fund by 5.5% in the 4th quarter. Guggenheim Capital LLC now owns 159,410 shares of the company’s stock valued at $1,545,000 after purchasing an additional 8,245 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its stake in shares of Ellsworth Growth and Income Fund by 8.3% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 138,308 shares of the company’s stock valued at $1,340,000 after purchasing an additional 10,574 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors and hedge funds.

About Ellsworth Growth and Income Fund

Ellsworth Growth and Income Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets. The fund primarily invests in convertible securities. It invests in stocks of companies across market capitalizations.