Advisors Asset Management Inc. grew its stake in shares of Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) by 28.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 491,660 shares of the investment management company’s stock after buying an additional 107,425 shares during the quarter. Advisors Asset Management Inc. owned about 3.82% of Ellsworth Growth and Income Fund worth $4,553,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Institute for Wealth Management LLC. bought a new stake in shares of Ellsworth Growth and Income Fund during the 2nd quarter worth about $785,000. Ameriprise Financial Inc. grew its stake in shares of Ellsworth Growth and Income Fund by 33.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 123,964 shares of the investment management company’s stock worth $1,136,000 after purchasing an additional 30,841 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Ellsworth Growth and Income Fund by 9.3% in the 2nd quarter. Wells Fargo & Company MN now owns 305,872 shares of the investment management company’s stock worth $2,802,000 after purchasing an additional 25,984 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Ellsworth Growth and Income Fund by 0.8% in the 2nd quarter. Parallel Advisors LLC now owns 13,520 shares of the investment management company’s stock worth $127,000 after purchasing an additional 101 shares during the last quarter. Finally, Aviance Capital Partners LLC grew its stake in shares of Ellsworth Growth and Income Fund by 19.9% in the 2nd quarter. Aviance Capital Partners LLC now owns 93,414 shares of the investment management company’s stock worth $856,000 after purchasing an additional 15,481 shares during the last quarter.

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Shares of Ellsworth Growth and Income Fund Ltd. (ECF) opened at $9.21 on Wednesday. Ellsworth Growth and Income Fund Ltd. has a fifty-two week low of $7.93 and a fifty-two week high of $9.48.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 14th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Monday, November 13th. Ellsworth Growth and Income Fund’s dividend payout ratio (DPR) is presently -88.00%.

About Ellsworth Growth and Income Fund

Ellsworth Growth and Income Fund Ltd. operates as a closed-end, diversified management investment company. The Fund’s investment objective is to provide income and the potential for capital appreciation, which objectives the Fund considers to be relatively equal over the long term due to the nature of the securities in which it invests.

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Institutional Ownership by Quarter for Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF)

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