Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) Major Shareholder Saba Capital Management, L.P. Buys 3,302 Shares

Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) major shareholder Saba Capital Management, L.P. acquired 3,302 shares of the stock in a transaction on Friday, September 27th. The stock was bought at an average price of $8.93 per share, with a total value of $29,486.86. Following the completion of the acquisition, the insider now directly owns 1,403,987 shares of the company’s stock, valued at $12,537,603.91. The purchase was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Ellsworth Growth and Income Fund Price Performance

ECF traded up $0.01 during trading on Monday, reaching $8.95. The stock had a trading volume of 31,481 shares, compared to its average volume of 48,831. The stock’s 50 day moving average is $8.62 and its two-hundred day moving average is $8.26. Ellsworth Growth and Income Fund Ltd. has a one year low of $7.02 and a one year high of $9.00.

Ellsworth Growth and Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 16th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date of this dividend was Monday, September 16th.

Institutional Trading of Ellsworth Growth and Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in ECF. Wells Fargo & Company MN increased its stake in Ellsworth Growth and Income Fund by 8.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,007,180 shares of the company’s stock valued at $8,138,000 after purchasing an additional 79,753 shares in the last quarter. Bulldog Investors LLP increased its position in shares of Ellsworth Growth and Income Fund by 9.7% during the fourth quarter. Bulldog Investors LLP now owns 76,934 shares of the company’s stock valued at $622,000 after acquiring an additional 6,793 shares in the last quarter. Vima LLC purchased a new position in Ellsworth Growth and Income Fund in the 4th quarter worth approximately $924,000. Twin Focus Capital Partners LLC bought a new position in Ellsworth Growth and Income Fund in the 4th quarter valued at approximately $150,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in 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 purchasing an additional 5,813 shares during the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

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.