Ellsworth Growth and Income Fund Ltd. Declares Quarterly Dividend of $0.19 (NYSEAMERICAN:ECF)

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) announced a quarterly dividend on Wednesday, May 13th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.19 per share by the investment management company on Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date is Monday, June 15th.

Ellsworth Growth and Income Fund Trading Up 1.3%

NYSEAMERICAN ECF traded up $0.17 during trading hours on Wednesday, hitting $13.09. 68,058 shares of the company were exchanged, compared to its average volume of 36,405. Ellsworth Growth and Income Fund has a 52 week low of $9.49 and a 52 week high of $13.17. The stock has a 50-day moving average price of $11.79 and a 200 day moving average price of $11.93.

Insider Activity

In other Ellsworth Growth and Income Fund news, major shareholder Saba Capital Management, L.P. sold 14,591 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $12.16, for a total transaction of $177,426.56. Following the completion of the transaction, the insider owned 1,604,273 shares in the company, valued at $19,507,959.68. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 28,195 shares of company stock worth $343,772 in the last ninety days. 0.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Advisors Asset Management Inc. boosted its position in shares of Ellsworth Growth and Income Fund by 33.8% during the third quarter. Advisors Asset Management Inc. now owns 227,875 shares of the investment management company’s stock valued at $2,643,000 after buying an additional 57,520 shares during the period. Uhlmann Price Securities LLC boosted its position in shares of Ellsworth Growth and Income Fund by 1.7% during the third quarter. Uhlmann Price Securities LLC now owns 67,837 shares of the investment management company’s stock valued at $787,000 after buying an additional 1,157 shares during the period. Royal Bank of Canada boosted its position in shares of Ellsworth Growth and Income Fund by 10.7% during the fourth quarter. Royal Bank of Canada now owns 47,354 shares of the investment management company’s stock valued at $550,000 after buying an additional 4,574 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Ellsworth Growth and Income Fund by 68.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 32,592 shares of the investment management company’s stock valued at $379,000 after buying an additional 13,199 shares during the period. Finally, LPL Financial LLC boosted its position in shares of Ellsworth Growth and Income Fund by 27.7% during the fourth quarter. LPL Financial LLC now owns 23,308 shares of the investment management company’s stock valued at $271,000 after buying an additional 5,051 shares during the period. Hedge funds and other institutional investors own 35.88% of the company’s stock.

About Ellsworth Growth and Income Fund

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.