Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) Shares Sold by Cornerstone Advisors LLC

Cornerstone Advisors LLC lowered its stake in shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF - Free Report) by 73.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,723 shares of the company's stock after selling 255,952 shares during the quarter. Cornerstone Advisors LLC owned about 0.66% of Ellsworth Growth and Income Fund worth $816,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Beckerman Institutional LLC purchased a new stake in Ellsworth Growth and Income Fund during the third quarter valued at about $114,000. Sanctuary Advisors LLC purchased a new position in Ellsworth Growth and Income Fund in the second quarter valued at approximately $122,000. Wolverine Asset Management LLC raised its holdings in Ellsworth Growth and Income Fund by 16.4% in the third quarter. Wolverine Asset Management LLC now owns 14,442 shares of the company's stock valued at $130,000 after buying an additional 2,036 shares during the period. Blue Bell Private Wealth Management LLC lifted its position in Ellsworth Growth and Income Fund by 39.7% during the second quarter. Blue Bell Private Wealth Management LLC now owns 65,050 shares of the company's stock valued at $536,000 after buying an additional 18,490 shares in the last quarter. Finally, Shaker Financial Services LLC grew its stake in Ellsworth Growth and Income Fund by 14.2% during the second quarter. Shaker Financial Services LLC now owns 111,018 shares of the company's stock worth $915,000 after buying an additional 13,780 shares during the period. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Ellsworth Growth and Income Fund Stock Performance

Shares of ECF stock traded up $0.06 during mid-day trading on Friday, reaching $9.72. The company's stock had a trading volume of 45,962 shares, compared to its average volume of 46,987. The company's 50 day simple moving average is $9.23 and its 200-day simple moving average is $8.65. Ellsworth Growth and Income Fund Ltd. has a 12-month low of $7.54 and a 12-month high of $9.86.

Ellsworth Growth and Income Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, November 22nd will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.76%. The ex-dividend date is Friday, November 22nd.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. purchased 3,302 shares of the company's stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average price of $8.93 per share, with a total value of $29,486.86. Following the purchase, the insider now directly owns 1,403,987 shares of the company's stock, valued at approximately $12,537,603.91. This represents a 0.24 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.54% of the stock is currently owned by insiders.

About Ellsworth Growth and Income Fund

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.