Advisors Asset Management Inc. Has $2.64 Million Holdings in Ellsworth Growth and Income Fund Ltd. $ECF

Advisors Asset Management Inc. grew its position in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 33.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 227,875 shares of the company’s stock after acquiring an additional 57,520 shares during the period. Advisors Asset Management Inc. owned 1.67% of Ellsworth Growth and Income Fund worth $2,643,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Osaic Holdings Inc. increased its holdings in Ellsworth Growth and Income Fund by 11.1% in the second quarter. Osaic Holdings Inc. now owns 15,356 shares of the company’s stock worth $157,000 after purchasing an additional 1,535 shares in the last quarter. Uhlmann Price Securities LLC boosted its stake in Ellsworth Growth and Income Fund by 10.3% in the second quarter. Uhlmann Price Securities LLC now owns 66,680 shares of the company’s stock valued at $683,000 after acquiring an additional 6,202 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Ellsworth Growth and Income Fund by 44.8% in the second quarter. NewEdge Advisors LLC now owns 75,407 shares of the company’s stock valued at $773,000 after buying an additional 23,340 shares during the period. Wolverine Asset Management LLC raised its stake in shares of Ellsworth Growth and Income Fund by 190.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 136,527 shares of the company’s stock valued at $1,399,000 after purchasing an additional 89,456 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in shares of Ellsworth Growth and Income Fund by 1.0% in the 2nd quarter. Baird Financial Group Inc. now owns 145,155 shares of the company’s stock worth $1,488,000 after acquiring an additional 1,475 shares during the last quarter. Institutional investors and hedge funds own 35.88% of the company’s stock.

Insider Buying and Selling

In other Ellsworth Growth and Income Fund news, major shareholder Saba Capital Management, L.P. sold 26,218 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $11.95, for a total transaction of $313,305.10. Following the completion of the transaction, the insider owned 1,646,578 shares of the company’s stock, valued at $19,676,607.10. This represents a 1.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders sold 48,152 shares of company stock worth $580,056. Corporate insiders own 0.54% of the company’s stock.

Ellsworth Growth and Income Fund Stock Up 0.9%

Shares of Ellsworth Growth and Income Fund stock opened at $12.30 on Friday. The business’s 50 day simple moving average is $12.06 and its two-hundred day simple moving average is $11.72. Ellsworth Growth and Income Fund Ltd. has a one year low of $8.15 and a one year high of $12.65.

Ellsworth Growth and Income Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 17th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Tuesday, March 17th.

Ellsworth Growth and Income Fund Company Profile

Ellsworth Growth and Income Fund, Inc (NYSE: ECF) is a closed-end management investment company whose primary objective is to provide shareholders with total return through a combination of capital appreciation and current income. The Fund pursues this objective by investing principally in common stocks of U.S. companies that the investment adviser believes are undervalued relative to their growth prospects and exhibited attractive dividend yields. To complement its equity holdings, the Fund may also allocate assets to convertible securities, preferred stocks and high-quality fixed-income instruments.

The Fund employs a bottom-up, stock-picking approach, seeking issuers across a broad range of sectors that offer favorable risk-reward dynamics.