Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) Major Shareholder Saba Capital Management, L.P. Purchases 3,400 Shares

Ellsworth Growth and Income Fund Ltd. (NYSE:ECF - Get Free Report) major shareholder Saba Capital Management, L.P. acquired 3,400 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was bought at an average cost of $8.58 per share, for a total transaction of $29,172.00. Following the completion of the purchase, the insider now directly owns 1,570,253 shares in the company, valued at $13,472,770.74. This represents a 0.22 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Monday, April 14th, Saba Capital Management, L.P. bought 14,065 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average price of $8.64 per share, for a total transaction of $121,521.60.
• On Tuesday, April 8th, Saba Capital Management, L.P. bought 11,276 shares of Ellsworth Growth and Income Fund stock. The shares were purchased at an average cost of $8.37 per share, with a total value of $94,380.12.
• On Thursday, April 3rd, Saba Capital Management, L.P. purchased 33,476 shares of Ellsworth Growth and Income Fund stock. The stock was acquired at an average cost of $8.88 per share, for a total transaction of $297,266.88.
• On Tuesday, April 1st, Saba Capital Management, L.P. bought 34,285 shares of Ellsworth Growth and Income Fund stock. The shares were acquired at an average price of $9.05 per share, with a total value of $310,279.25.

Ellsworth Growth and Income Fund Stock Performance

NYSE ECF traded up $0.07 during trading on Friday, hitting $9.06. The company's stock had a trading volume of 4,883 shares, compared to its average volume of 41,996. The firm has a 50 day moving average price of $9.18 and a 200 day moving average price of $9.51. Ellsworth Growth and Income Fund Ltd. has a 52 week low of $7.64 and a 52 week high of $10.14.

Ellsworth Growth and Income Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date was Monday, March 17th.

Institutional Trading of Ellsworth Growth and Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bulldog Investors LLP grew its position in Ellsworth Growth and Income Fund by 238.2% during the fourth quarter. Bulldog Investors LLP now owns 314,426 shares of the company's stock worth $3,045,000 after buying an additional 221,447 shares in the last quarter. Sit Investment Associates Inc. lifted its position in shares of Ellsworth Growth and Income Fund by 161.5% in the 4th quarter. Sit Investment Associates Inc. now owns 318,285 shares of the company's stock worth $3,084,000 after acquiring an additional 196,567 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Ellsworth Growth and Income Fund by 61.4% during the 4th quarter. Advisors Asset Management Inc. now owns 368,889 shares of the company's stock worth $3,575,000 after purchasing an additional 140,392 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Ellsworth Growth and Income Fund during the fourth quarter valued at approximately $881,000. Finally, Capstone Investment Advisors LLC raised its stake in shares of Ellsworth Growth and Income Fund by 179.8% in the fourth quarter. Capstone Investment Advisors LLC now owns 79,774 shares of the company's stock valued at $773,000 after purchasing an additional 51,262 shares in the last quarter. 35.88% of the stock is currently owned by institutional investors and hedge funds.

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.