Ellsworth Growth and Income Fund Ltd. (NYSE:ECF - Get Free Report) major shareholder Saba Capital Management, L.P. acquired 14,065 shares of the business's stock in a transaction on Monday, April 14th. The stock was acquired at an average price of $8.64 per share, for a total transaction of $121,521.60. Following the acquisition, the insider now owns 1,559,675 shares of the company's stock, valued at approximately $13,475,592. This trade represents a 0.91 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company's stock 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, April 8th, Saba Capital Management, L.P. purchased 11,276 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average price of $8.37 per share, with a total value of $94,380.12.
- On Thursday, April 3rd, Saba Capital Management, L.P. bought 33,476 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average cost of $8.88 per share, with a total value of $297,266.88.
- On Tuesday, April 1st, Saba Capital Management, L.P. acquired 34,285 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average price of $9.05 per share, with a total value of $310,279.25.
Ellsworth Growth and Income Fund Price Performance
Shares of NYSE:ECF opened at $8.79 on Wednesday. The business has a 50-day simple moving average of $9.35 and a two-hundred day simple moving average of $9.53. Ellsworth Growth and Income Fund Ltd. has a fifty-two week low of $7.55 and a fifty-two week high of $10.14.
Ellsworth Growth and Income Fund Cuts Dividend
The company also recently announced 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 of this dividend was Monday, March 17th. This represents a $0.52 annualized dividend and a yield of 5.92%.
Hedge Funds Weigh In On Ellsworth Growth and Income Fund
Several institutional investors have recently made changes to their positions in ECF. Sanctuary Advisors LLC grew its holdings in Ellsworth Growth and Income Fund by 310.0% during the third quarter. Sanctuary Advisors LLC now owns 64,655 shares of the company's stock valued at $628,000 after purchasing an additional 48,887 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Ellsworth Growth and Income Fund during the 4th quarter valued at about $881,000. Blue Bell Private Wealth Management LLC grew its stake in shares of Ellsworth Growth and Income Fund by 8.3% during 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 acquiring an additional 10,574 shares during the period. Advisors Asset Management Inc. increased its holdings in Ellsworth Growth and Income Fund by 61.4% in the 4th quarter. Advisors Asset Management Inc. now owns 368,889 shares of the company's stock worth $3,575,000 after acquiring an additional 140,392 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its stake in Ellsworth Growth and Income Fund by 161.5% during the 4th quarter. Sit Investment Associates Inc. now owns 318,285 shares of the company's stock worth $3,084,000 after acquiring an additional 196,567 shares during the period. Institutional investors own 35.88% of the company's stock.
Ellsworth Growth and Income Fund Company Profile
(
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.
Further Reading
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