Ellsworth Growth and Income Fund Ltd. (NYSE:ECF - Get Free Report) major shareholder Saba Capital Management, L.P. acquired 11,276 shares of the stock in a transaction that occurred on Tuesday, April 8th. The stock was acquired at an average price of $8.37 per share, for a total transaction of $94,380.12. Following the transaction, the insider now directly owns 1,545,610 shares of the company's stock, valued at $12,936,755.70. This represents a 0.73 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Thursday, April 3rd, Saba Capital Management, L.P. bought 33,476 shares of Ellsworth Growth and Income Fund stock. The stock was acquired at an average price of $8.88 per share, for a total transaction of $297,266.88.
- On Tuesday, April 1st, Saba Capital Management, L.P. purchased 34,285 shares of Ellsworth Growth and Income Fund stock. The stock was acquired at an average cost of $9.05 per share, for a total transaction of $310,279.25.
Ellsworth Growth and Income Fund Price Performance
ECF stock opened at $8.44 on Friday. The firm has a 50 day simple moving average of $9.43 and a two-hundred day simple moving average of $9.53. Ellsworth Growth and Income Fund Ltd. has a one year low of $7.55 and a one year high of $10.14.
Ellsworth Growth and Income Fund Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 6.16%. The ex-dividend date was Monday, March 17th.
Hedge Funds Weigh In On Ellsworth Growth and Income Fund
Large investors have recently modified their holdings of the company. Kovitz Investment Group Partners LLC purchased a new stake in Ellsworth Growth and Income Fund in the third quarter worth approximately $288,000. Sanctuary Advisors LLC lifted its holdings in shares of Ellsworth Growth and Income Fund by 310.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 64,655 shares of the company's stock worth $628,000 after acquiring an additional 48,887 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Ellsworth Growth and Income Fund in the 4th quarter worth approximately $881,000. Blue Bell Private Wealth Management LLC boosted its stake in shares of Ellsworth Growth and Income Fund by 8.3% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 138,308 shares of the company's stock valued at $1,340,000 after purchasing an additional 10,574 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Ellsworth Growth and Income Fund by 61.4% during the 4th quarter. Advisors Asset Management Inc. now owns 368,889 shares of the company's stock valued at $3,575,000 after purchasing an additional 140,392 shares during the last quarter. 35.88% of the stock is owned by hedge funds and other 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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