Ellsworth Growth and Income Fund Ltd. (NYSE:ECF - Get Free Report) major shareholder Saba Capital Management, L.P. bought 3,400 shares of the business's stock in a transaction on Monday, April 21st. The stock was acquired at an average cost of $8.58 per share, for a total transaction of $29,172.00. Following the acquisition, the insider now directly owns 1,570,253 shares of the company's stock, valued at $13,472,770.74. The trade was a 0.22 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more 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 Monday, April 14th, Saba Capital Management, L.P. purchased 14,065 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average price of $8.64 per share, for a total transaction of $121,521.60.
- On Tuesday, April 8th, Saba Capital Management, L.P. acquired 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 bought 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 shares were 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
Ellsworth Growth and Income Fund stock opened at $8.67 on Wednesday. Ellsworth Growth and Income Fund Ltd. has a 52-week low of $7.64 and a 52-week high of $10.14. The firm has a 50-day moving average price of $9.22 and a two-hundred day moving average price of $9.52.
Ellsworth Growth and Income Fund Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date was Monday, March 17th.
Institutional Trading of Ellsworth Growth and Income Fund
Several large investors have recently added to or reduced their stakes in ECF. Waverly Advisors LLC bought a new position in shares of Ellsworth Growth and Income Fund in the fourth quarter worth $430,000. K2 Principal Fund L.P. acquired a new stake in Ellsworth Growth and Income Fund in the fourth quarter worth about $147,000. Bulldog Investors LLP grew its position in Ellsworth Growth and Income Fund by 238.2% in the 4th quarter. Bulldog Investors LLP now owns 314,426 shares of the company's stock valued at $3,045,000 after buying an additional 221,447 shares in the last quarter. Capstone Investment Advisors LLC increased its stake in Ellsworth Growth and Income Fund by 179.8% during the 4th 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. Finally, Guggenheim Capital LLC raised its position in shares of Ellsworth Growth and Income Fund by 5.5% during the 4th quarter. Guggenheim Capital LLC now owns 159,410 shares of the company's stock worth $1,545,000 after buying an additional 8,245 shares in the last quarter. 35.88% of the stock is currently owned by institutional investors and hedge funds.
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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