Ellsworth Growth and Income Fund (NYSE:ECF) Major Shareholder Acquires $142,497.12 in Stock

Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) major shareholder Saba Capital Management, L.P. bought 11,604 shares of the stock in a transaction on Tuesday, October 28th. The stock was acquired at an average price of $12.28 per share, with a total value of $142,497.12. Following the completion of the acquisition, the insider owned 1,646,856 shares of the company’s stock, valued at $20,223,391.68. This represents a 0.71% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 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 Tuesday, August 19th, Saba Capital Management, L.P. bought 8,031 shares of Ellsworth Growth and Income Fund stock. The stock was acquired at an average price of $10.69 per share, with a total value of $85,851.39.

Ellsworth Growth and Income Fund Price Performance

Shares of Ellsworth Growth and Income Fund stock opened at $12.40 on Friday. Ellsworth Growth and Income Fund Ltd. has a 52 week low of $8.15 and a 52 week high of $12.59. The stock has a 50 day moving average price of $11.70 and a two-hundred day moving average price of $10.59.

Ellsworth Growth and Income Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 16th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Tuesday, September 16th.

Institutional Investors Weigh In On Ellsworth Growth and Income Fund

Hedge funds have recently added to or reduced their stakes in the company. Elequin Capital LP acquired a new stake in Ellsworth Growth and Income Fund in the first quarter valued at approximately $27,000. AdvisorNet Financial Inc acquired a new stake in Ellsworth Growth and Income Fund in the second quarter valued at approximately $31,000. Osaic Holdings Inc. grew its stake in Ellsworth Growth and Income Fund by 11.1% in the second quarter. Osaic Holdings Inc. now owns 15,356 shares of the company’s stock valued at $157,000 after acquiring an additional 1,535 shares during the period. K2 Principal Fund L.P. grew its stake in Ellsworth Growth and Income Fund by 56.6% in the first quarter. K2 Principal Fund L.P. now owns 23,785 shares of the company’s stock valued at $216,000 after acquiring an additional 8,592 shares during the period. Finally, Wolverine Asset Management LLC acquired a new stake in Ellsworth Growth and Income Fund in the first quarter valued at approximately $427,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Company Profile

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.