Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) Stock Holdings Lifted by Sit Investment Associates Inc.

Sit Investment Associates Inc. lifted its holdings in shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 161.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 318,285 shares of the company’s stock after purchasing an additional 196,567 shares during the quarter. Sit Investment Associates Inc.’s holdings in Ellsworth Growth and Income Fund were worth $3,084,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Advisors Asset Management Inc. lifted its holdings in Ellsworth Growth and Income Fund by 61.4% in the fourth quarter. Advisors Asset Management Inc. now owns 368,889 shares of the company’s stock worth $3,575,000 after purchasing an additional 140,392 shares during the period. Blue Bell Private Wealth Management LLC raised its position in shares of Ellsworth Growth and Income Fund by 8.3% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 138,308 shares of the company’s stock worth $1,340,000 after buying an additional 10,574 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Ellsworth Growth and Income Fund in the 4th quarter worth approximately $881,000. Sanctuary Advisors LLC increased its stake in shares of Ellsworth Growth and Income Fund by 7.3% during the fourth quarter. Sanctuary Advisors LLC now owns 69,370 shares of the company’s stock valued at $698,000 after acquiring an additional 4,715 shares during the period. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of Ellsworth Growth and Income Fund during the third quarter valued at approximately $288,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Price Performance

ECF opened at $8.59 on Monday. The stock’s fifty day moving average is $9.61 and its 200-day moving average is $9.56. Ellsworth Growth and Income Fund Ltd. has a one year low of $7.55 and a one year high of $10.14.

Ellsworth Growth and Income Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were given a dividend of $0.13 per share. The ex-dividend date was Monday, March 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.05%.

Insider Transactions at Ellsworth Growth and Income Fund

In other Ellsworth Growth and Income Fund news, major shareholder Saba Capital Management, L.P. bought 34,285 shares of Ellsworth Growth and Income Fund stock in a transaction dated Tuesday, April 1st. The stock was bought at an average price of $9.05 per share, for a total transaction of $310,279.25. Following the completion of the acquisition, the insider now directly owns 1,438,272 shares of the company’s stock, valued at approximately $13,016,361.60. This trade represents a 2.44 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

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.