Saba Capital Management, L.P. Sells 7,824 Shares of Ellsworth Growth and Income Fund (NYSE:ECF) Stock

Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) major shareholder Saba Capital Management, L.P. sold 7,824 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $12.02, for a total transaction of $94,044.48. Following the completion of the sale, the insider owned 1,672,796 shares of the company’s stock, valued at approximately $20,107,007.92. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Friday, February 6th, Saba Capital Management, L.P. sold 26,218 shares of Ellsworth Growth and Income Fund stock. The stock was sold at an average price of $11.95, for a total transaction of $313,305.10.

Ellsworth Growth and Income Fund Trading Up 1.1%

Shares of ECF opened at $12.18 on Wednesday. Ellsworth Growth and Income Fund Ltd. has a fifty-two week low of $8.15 and a fifty-two week high of $12.65. The company’s fifty day moving average is $12.03 and its two-hundred day moving average is $11.69.

Institutional Investors Weigh In On Ellsworth Growth and Income Fund

Institutional investors have recently added to or reduced their stakes in the company. Pathstone Holdings LLC increased its stake in Ellsworth Growth and Income Fund by 42.0% during the third quarter. Pathstone Holdings LLC now owns 390,077 shares of the company’s stock worth $4,525,000 after acquiring an additional 115,441 shares during the last quarter. Advisors Asset Management Inc. lifted its stake 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 company’s stock valued at $2,643,000 after purchasing an additional 57,520 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in shares of Ellsworth Growth and Income Fund by 7.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 199,783 shares of the company’s stock worth $2,323,000 after purchasing an additional 13,974 shares during the period. Invesco Ltd. increased its position in Ellsworth Growth and Income Fund by 31.2% during the 2nd quarter. Invesco Ltd. now owns 161,109 shares of the company’s stock worth $1,651,000 after purchasing an additional 38,271 shares in the last quarter. Finally, Guggenheim Capital LLC increased its position in Ellsworth Growth and Income Fund by 5.0% during the 2nd quarter. Guggenheim Capital LLC now owns 148,511 shares of the company’s stock worth $1,522,000 after purchasing an additional 7,089 shares in the last quarter. 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, Inc (NYSE: ECF) is a closed-end management investment company whose primary objective is to provide shareholders with total return through a combination of capital appreciation and current income. The Fund pursues this objective by investing principally in common stocks of U.S. companies that the investment adviser believes are undervalued relative to their growth prospects and exhibited attractive dividend yields. To complement its equity holdings, the Fund may also allocate assets to convertible securities, preferred stocks and high-quality fixed-income instruments.

The Fund employs a bottom-up, stock-picking approach, seeking issuers across a broad range of sectors that offer favorable risk-reward dynamics.