Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Stock Passes Above Fifty Day Moving Average – What’s Next?

Shares of Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.03 and traded as high as $12.22. Ellsworth Growth and Income Fund shares last traded at $12.18, with a volume of 45,897 shares changing hands.

Ellsworth Growth and Income Fund Stock Up 1.1%

The business’s 50 day simple moving average is $12.03 and its 200 day simple moving average is $11.69.

Ellsworth Growth and Income Fund Company Profile

Ellsworth Growth and Income Fund (NYSEAMERICAN: ECF) is a closed-end management investment company that seeks to provide investors with a combination of capital appreciation and current income. The fund pursues its objectives by investing primarily in a diversified portfolio of common stocks of U.S. companies that pay dividends and exhibit long-term growth potential. To complement its equity holdings, the fund may also invest in preferred stocks, convertible securities and other income-oriented instruments.

ECF’s investment strategy emphasizes a disciplined, research-driven approach.