LPL Financial LLC Trims Stock Position in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)

LPL Financial LLC trimmed its stake in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 13.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,119 shares of the company’s stock after selling 3,870 shares during the period. LPL Financial LLC owned approximately 0.18% of Ellsworth Growth and Income Fund worth $243,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ECF. Sanctuary Advisors LLC lifted its position in Ellsworth Growth and Income Fund by 7.3% in the fourth quarter. Sanctuary Advisors LLC now owns 69,370 shares of the company’s stock valued at $698,000 after acquiring an additional 4,715 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in Ellsworth Growth and Income Fund by 8.3% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 138,308 shares of the company’s stock valued at $1,340,000 after acquiring an additional 10,574 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Ellsworth Growth and Income Fund in the fourth quarter valued at $881,000. Finally, Advisors Asset Management Inc. lifted its position in Ellsworth Growth and Income Fund by 61.4% in the fourth quarter. Advisors Asset Management Inc. now owns 368,889 shares of the company’s stock valued at $3,575,000 after acquiring an additional 140,392 shares during the last quarter. 35.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Ellsworth Growth and Income Fund news, major shareholder Saba Capital Management, L.P. bought 34,285 shares of Ellsworth Growth and Income Fund stock in a transaction dated Tuesday, April 1st. The stock was acquired at an average cost of $9.05 per share, with a total value of $310,279.25. Following the completion of the acquisition, the insider now owns 1,438,272 shares of the company’s stock, valued at approximately $13,016,361.60. This represents a 2.44 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders acquired 96,502 shares of company stock valued at $852,620. Insiders own 0.54% of the company’s stock.

Ellsworth Growth and Income Fund Price Performance

Shares of ECF opened at $9.00 on Tuesday. Ellsworth Growth and Income Fund Ltd. has a 1-year low of $7.64 and a 1-year high of $10.14. The firm has a fifty day moving average price of $9.14 and a 200 day moving average price of $9.51.

Ellsworth Growth and Income Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.78%.

Ellsworth Growth and Income Fund Company Profile

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.