Ellsworth Growth and Income Fund Ltd. (NYSE:ECF - Get Free Report) traded down 0.8% during trading on Monday . The company traded as low as $9.22 and last traded at $9.25. 24,127 shares were traded during mid-day trading, a decline of 50% from the average session volume of 48,615 shares. The stock had previously closed at $9.32.
Ellsworth Growth and Income Fund Price Performance
The firm has a fifty day moving average of $8.86 and a 200 day moving average of $8.39.
Ellsworth Growth and Income Fund Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 16th were paid a dividend of $0.13 per share. The ex-dividend date was Monday, September 16th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.62%.
Insider Buying and Selling at Ellsworth Growth and Income Fund
In other news, major shareholder Saba Capital Management, L.P. purchased 3,302 shares of the business's stock in a transaction on Friday, September 27th. The stock was acquired at an average cost of $8.93 per share, for a total transaction of $29,486.86. Following the purchase, the insider now directly owns 1,403,987 shares in the company, valued at $12,537,603.91. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.54% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in ECF. Wealth Enhancement Advisory Services LLC lifted its position in shares of Ellsworth Growth and Income Fund by 1.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 317,034 shares of the company's stock valued at $2,574,000 after buying an additional 5,813 shares in the last quarter. Matisse Capital acquired a new stake in Ellsworth Growth and Income Fund during the first quarter worth about $213,000. RPO LLC purchased a new position in Ellsworth Growth and Income Fund during the first quarter worth approximately $290,000. Cornerstone Advisors LLC grew its stake in Ellsworth Growth and Income Fund by 104.6% during the 1st quarter. Cornerstone Advisors LLC now owns 337,023 shares of the company's stock worth $2,737,000 after purchasing an additional 172,278 shares in the last quarter. Finally, Shaker Financial Services LLC raised its stake in Ellsworth Growth and Income Fund by 14.2% during the 2nd quarter. Shaker Financial Services LLC now owns 111,018 shares of the company's stock valued at $915,000 after acquiring an additional 13,780 shares during the last quarter. 35.88% of the stock is owned by hedge funds and other institutional investors.
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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