Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. cut its holdings in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 6.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,012 shares of the company’s stock after selling 1,375 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.15% of Ellsworth Growth and Income Fund worth $182,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Waverly Advisors LLC purchased a new position in shares of Ellsworth Growth and Income Fund during the fourth quarter worth about $430,000. K2 Principal Fund L.P. purchased a new position in shares of Ellsworth Growth and Income Fund during the fourth quarter worth about $147,000. Bulldog Investors LLP grew its holdings in shares of 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 purchasing an additional 221,447 shares during the last quarter. Capstone Investment Advisors LLC grew its holdings in shares of Ellsworth Growth and Income Fund by 179.8% during the fourth quarter. Capstone Investment Advisors LLC now owns 79,774 shares of the company’s stock worth $773,000 after purchasing an additional 51,262 shares during the last quarter. Finally, Guggenheim Capital LLC grew its holdings in shares of Ellsworth Growth and Income Fund by 5.5% during the fourth quarter. Guggenheim Capital LLC now owns 159,410 shares of the company’s stock worth $1,545,000 after purchasing an additional 8,245 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. purchased 22,447 shares of the stock in a transaction that occurred on Wednesday, April 30th. The shares were purchased at an average price of $9.01 per share, with a total value of $202,247.47. Following the completion of the acquisition, the insider directly owned 1,598,038 shares in the company, valued at $14,398,322.38. This represents a 1.42% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders bought a total of 37,054 shares of company stock worth $335,021 over the last 90 days. Company insiders own 0.54% of the company’s stock.

Ellsworth Growth and Income Fund Stock Up 0.1%

Shares of ECF stock opened at $10.40 on Tuesday. The stock’s 50-day moving average is $9.93 and its two-hundred day moving average is $9.61. Ellsworth Growth and Income Fund Ltd. has a 1 year low of $8.14 and a 1 year high of $10.47.

Ellsworth Growth and Income Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, June 13th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.15%. This is a positive change from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.13.

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.