Advisors Asset Management Inc. grew its position in shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF - Free Report) by 61.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 368,889 shares of the company's stock after buying an additional 140,392 shares during the quarter. Advisors Asset Management Inc. owned 2.68% of Ellsworth Growth and Income Fund worth $3,575,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC lifted its holdings in Ellsworth Growth and Income Fund by 8.3% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 138,308 shares of the company's stock worth $1,340,000 after acquiring an additional 10,574 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Ellsworth Growth and Income Fund during the 4th quarter worth $881,000. Sanctuary Advisors LLC boosted its holdings in shares of Ellsworth Growth and Income Fund by 7.3% in the 4th quarter. Sanctuary Advisors LLC now owns 69,370 shares of the company's stock worth $698,000 after buying an additional 4,715 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in Ellsworth Growth and Income Fund during the third quarter valued at about $288,000. Finally, Capstone Investment Advisors LLC purchased a new stake in Ellsworth Growth and Income Fund during the third quarter worth about $256,000. Hedge funds and other institutional investors own 35.88% of the company's stock.
Ellsworth Growth and Income Fund Stock Down 0.4 %
ECF traded down $0.04 during midday trading on Tuesday, reaching $9.44. The company had a trading volume of 84,754 shares, compared to its average volume of 40,418. The business has a 50-day moving average price of $9.74 and a two-hundred day moving average price of $9.54. 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 company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 5.51%. The ex-dividend date was Monday, March 17th.
About Ellsworth Growth and Income Fund
(
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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