Ellsworth Growth and Income Fund Ltd. (NYSE:ECF - Get Free Report) major shareholder Saba Capital Management, L.P. acquired 34,285 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was acquired at an average cost of $9.05 per share, for a total transaction of $310,279.25. Following the transaction, the insider now directly owns 1,438,272 shares in the company, valued at $13,016,361.60. The trade was a 2.44 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Ellsworth Growth and Income Fund Price Performance
Shares of ECF opened at $8.89 on Friday. The firm has a fifty day moving average price of $9.64 and a 200-day moving average price of $9.55. Ellsworth Growth and Income Fund Ltd. has a 12-month low of $7.55 and a 12-month high of $10.14.
Ellsworth Growth and Income Fund Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were given a $0.13 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.52 annualized dividend and a yield of 5.85%.
Hedge Funds Weigh In On Ellsworth Growth and Income Fund
A number of hedge funds have recently added to or reduced their stakes in the stock. K2 Principal Fund L.P. purchased a new stake in shares of Ellsworth Growth and Income Fund in the fourth quarter valued at approximately $147,000. Kovitz Investment Group Partners LLC bought a new stake in Ellsworth Growth and Income Fund during the 3rd quarter valued at $288,000. Waverly Advisors LLC bought a new stake in Ellsworth Growth and Income Fund during the 4th quarter valued at $430,000. Sanctuary Advisors LLC grew its position in shares of Ellsworth Growth and Income Fund by 310.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 64,655 shares of the company's stock worth $628,000 after buying an additional 48,887 shares in the last quarter. Finally, Capstone Investment Advisors LLC increased its stake in shares of Ellsworth Growth and Income Fund by 179.8% during the fourth quarter. Capstone Investment Advisors LLC now owns 79,774 shares of the company's stock valued at $773,000 after buying an additional 51,262 shares during the period. 35.88% of the stock is currently owned by institutional investors.
About Ellsworth Growth and Income Fund
(
Get Free Report)
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.
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