Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Director Anthonie Vanekris Sells 3,309 Shares of Stock

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) Director Anthonie Vanekris sold 3,309 shares of the company’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $12.26, for a total value of $40,568.34. Following the completion of the sale, the director owned 1,000 shares of the company’s stock, valued at $12,260. This represents a 76.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Ellsworth Growth and Income Fund Price Performance

Shares of ECF stock traded up $0.14 during mid-day trading on Tuesday, hitting $13.76. The stock had a trading volume of 49,935 shares, compared to its average volume of 36,753. Ellsworth Growth and Income Fund Ltd. has a 12-month low of $9.58 and a 12-month high of $13.79. The firm’s 50-day moving average is $12.23 and its two-hundred day moving average is $12.01.

Ellsworth Growth and Income Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Monday, June 15th.

Institutional Investors Weigh In On Ellsworth Growth and Income Fund

Hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in shares of Ellsworth Growth and Income Fund by 33.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 227,875 shares of the investment management company’s stock worth $2,643,000 after buying an additional 57,520 shares during the period. Uhlmann Price Securities LLC lifted its holdings in shares of Ellsworth Growth and Income Fund by 1.7% in the 3rd quarter. Uhlmann Price Securities LLC now owns 67,837 shares of the investment management company’s stock worth $787,000 after buying an additional 1,157 shares during the period. LPL Financial LLC lifted its holdings in shares of Ellsworth Growth and Income Fund by 27.7% in the 4th quarter. LPL Financial LLC now owns 23,308 shares of the investment management company’s stock worth $271,000 after buying an additional 5,051 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of Ellsworth Growth and Income Fund by 11.1% in the 2nd quarter. Osaic Holdings Inc. now owns 15,356 shares of the investment management company’s stock worth $157,000 after buying an additional 1,535 shares during the period. Finally, Gilpin Wealth Management LLC purchased a new stake in shares of Ellsworth Growth and Income Fund in the 4th quarter worth $47,000. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Ellsworth Growth and Income Fund Company Profile

Ellsworth Growth and Income Fund (NYSEAMERICAN: ECF) is a closed-end management investment company that seeks to provide investors with a combination of capital appreciation and current income. The fund pursues its objectives by investing primarily in a diversified portfolio of common stocks of U.S. companies that pay dividends and exhibit long-term growth potential. To complement its equity holdings, the fund may also invest in preferred stocks, convertible securities and other income-oriented instruments.

ECF’s investment strategy emphasizes a disciplined, research-driven approach.