Ellsworth Growth and Income Fund Ltd. (NYSE:ECF - Get Free Report) shares were up 0.7% during mid-day trading on Friday after the company announced a dividend. The stock traded as high as $10.08 and last traded at $10.04. Approximately 24,440 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 28,188 shares. The stock had previously closed at $9.97.
The newly announced dividend which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Monday, March 17th.
Ellsworth Growth and Income Fund Stock Performance
The business's 50-day moving average price is $9.84 and its two-hundred day moving average price is $9.36.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in ECF. Sanctuary Advisors LLC bought a new stake in shares of Ellsworth Growth and Income Fund in the 2nd quarter valued at approximately $122,000. Beckerman Institutional LLC acquired a new position in Ellsworth Growth and Income Fund in the third quarter worth $114,000. Wolverine Asset Management LLC increased its stake in Ellsworth Growth and Income Fund by 16.4% during the third quarter. Wolverine Asset Management LLC now owns 14,442 shares of the company's stock valued at $130,000 after purchasing an additional 2,036 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of Ellsworth Growth and Income Fund during the third quarter worth $256,000. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Ellsworth Growth and Income Fund in the 3rd quarter worth about $288,000. 35.88% of the stock is owned by institutional investors and hedge funds.
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.
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