Insider Selling: Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Director Sells $40,568.34 in Stock

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) Director Anthonie Vanekris sold 3,309 shares of the company’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $12.26, for a total transaction of $40,568.34. Following the completion of the sale, the director owned 1,000 shares in the company, valued at approximately $12,260. This trade represents a 76.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ellsworth Growth and Income Fund Stock Performance

Shares of ECF opened at $13.48 on Friday. Ellsworth Growth and Income Fund Ltd. has a fifty-two week low of $9.58 and a fifty-two week high of $13.85. The firm’s 50-day simple moving average is $12.38 and its two-hundred day simple moving average is $12.05.

Ellsworth Growth and Income Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Monday, June 15th.

Institutional Investors Weigh In On Ellsworth Growth and Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Gilpin Wealth Management LLC purchased a new stake in Ellsworth Growth and Income Fund in the fourth quarter worth about $47,000. Osaic Holdings Inc. grew its holdings in shares of Ellsworth Growth and Income Fund by 11.1% during the second quarter. Osaic Holdings Inc. now owns 15,356 shares of the investment management company’s stock valued at $157,000 after buying an additional 1,535 shares during the last quarter. PMG Family Office LLC purchased a new stake in shares of Ellsworth Growth and Income Fund during the third quarter valued at approximately $212,000. LPL Financial LLC grew its holdings in shares of Ellsworth Growth and Income Fund by 27.7% during the fourth quarter. LPL Financial LLC now owns 23,308 shares of the investment management company’s stock valued at $271,000 after buying an additional 5,051 shares during the last quarter. Finally, K2 Principal Fund L.P. grew its holdings in shares of Ellsworth Growth and Income Fund by 3.5% during the fourth quarter. K2 Principal Fund L.P. now owns 24,619 shares of the investment management company’s stock valued at $286,000 after buying an additional 834 shares during the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

About Ellsworth Growth and Income Fund

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.