Raymond James Financial Inc. bought a new position in shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 90,891 shares of the company's stock, valued at approximately $881,000. Raymond James Financial Inc. owned 0.66% of Ellsworth Growth and Income Fund at the end of the most recent quarter.
Separately, Sanctuary Advisors LLC grew 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 acquiring an additional 4,715 shares during the period. 35.88% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, major shareholder Saba Capital Management, L.P. acquired 34,285 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was purchased at an average cost of $9.05 per share, for a total transaction of $310,279.25. Following the transaction, the insider now directly owns 1,438,272 shares of the company's stock, valued at approximately $13,016,361.60. This trade represents a 2.44 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.54% of the company's stock.
Ellsworth Growth and Income Fund Stock Performance
ECF stock traded up $0.30 during midday trading on Wednesday, hitting $8.72. 148,536 shares of the stock were exchanged, compared to its average volume of 42,120. The stock's 50-day moving average price is $9.46 and its 200-day moving average price is $9.53. Ellsworth Growth and Income Fund Ltd. has a fifty-two week low of $7.55 and a fifty-two week high of $10.14.
Ellsworth Growth and Income Fund Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 5.96%. 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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