Advisors Asset Management Inc. Sells 19,937 Shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)

Advisors Asset Management Inc. lowered its position in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 8.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 228,497 shares of the company’s stock after selling 19,937 shares during the quarter. Advisors Asset Management Inc.’s holdings in Ellsworth Growth and Income Fund were worth $2,054,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Wolverine Asset Management LLC raised its holdings in shares of Ellsworth Growth and Income Fund by 16.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 14,442 shares of the company’s stock valued at $130,000 after purchasing an additional 2,036 shares in the last quarter. Cornerstone Advisors LLC increased its holdings in Ellsworth Growth and Income Fund by 2.9% during the second quarter. Cornerstone Advisors LLC now owns 346,675 shares of the company’s stock valued at $2,857,000 after buying an additional 9,652 shares during the period. Beckerman Institutional LLC bought a new position in Ellsworth Growth and Income Fund in the third quarter worth approximately $114,000. Shaker Financial Services LLC lifted its holdings in Ellsworth Growth and Income Fund by 14.2% during the second quarter. Shaker Financial Services LLC now owns 111,018 shares of the company’s stock worth $915,000 after buying an additional 13,780 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Ellsworth Growth and Income Fund during the 2nd quarter valued at $122,000. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ellsworth Growth and Income Fund

In other Ellsworth Growth and Income Fund news, major shareholder Saba Capital Management, L.P. purchased 3,302 shares of Ellsworth Growth and Income Fund stock in a transaction dated Friday, September 27th. The shares were acquired at an average cost of $8.93 per share, with a total value of $29,486.86. Following the completion of the transaction, the insider now owns 1,403,987 shares in the company, valued at approximately $12,537,603.91. This trade represents a 0.24 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

Ellsworth Growth and Income Fund Price Performance

ECF opened at $9.72 on Monday. Ellsworth Growth and Income Fund Ltd. has a 12 month low of $7.54 and a 12 month high of $9.86. The stock has a fifty day moving average price of $9.24 and a 200-day moving average price of $8.67.

Ellsworth Growth and Income Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, November 22nd will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 5.76%.

Ellsworth Growth and Income Fund 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.