Insider Buying: Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Major Shareholder Acquires $190,442.55 in Stock

Posted by Ethan Ryder on Oct 23rd, 2026

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 16,347 shares of the business’s stock in a transaction dated Friday, October 16th. The shares were bought at an average cost of $11.65 per share, for a total transaction of $190,442.55. Following the transaction, the insider directly owned 1,770,946 shares in the company, valued at approximately $20,631,520.90. This represents a 0.93% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Wednesday, October 21st, Saba Capital Management, L.P. bought 2,600 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average price of $11.58 per share, with a total value of $30,108.00.
On Tuesday, October 20th, Saba Capital Management, L.P. bought 1,830 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average cost of $11.39 per share, with a total value of $20,843.70.
On Monday, October 19th, Saba Capital Management, L.P. bought 17,079 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average cost of $11.47 per share, with a total value of $195,896.13.
On Thursday, October 15th, Saba Capital Management, L.P. purchased 9,969 shares of Ellsworth Growth and Income Fund stock. The shares were purchased at an average cost of $11.62 per share, for a total transaction of $115,839.78.
On Wednesday, October 14th, Saba Capital Management, L.P. purchased 56,083 shares of Ellsworth Growth and Income Fund stock. The shares were purchased at an average cost of $11.74 per share, for a total transaction of $658,414.42.
On Monday, October 12th, Saba Capital Management, L.P. purchased 14,600 shares of Ellsworth Growth and Income Fund stock. The shares were purchased at an average cost of $12.03 per share, for a total transaction of $175,638.00.
On Thursday, October 8th, Saba Capital Management, L.P. purchased 27,937 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average price of $11.95 per share, for a total transaction of $333,847.15.
On Wednesday, October 7th, Saba Capital Management, L.P. purchased 17,548 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average price of $11.97 per share, for a total transaction of $210,049.56.
On Friday, September 4th, Saba Capital Management, L.P. acquired 6,800 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average cost of $12.36 per share, with a total value of $84,048.00.
On Thursday, September 3rd, Saba Capital Management, L.P. acquired 5,000 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average cost of $12.25 per share, with a total value of $61,250.00.

Ellsworth Growth and Income Fund Stock Performance

NYSEAMERICAN ECF opened at $11.44 on Friday. Ellsworth Growth and Income Fund Ltd. has a 52 week low of $10.70 and a 52 week high of $13.85. The business has a 50 day moving average price of $12.17 and a 200-day moving average price of $12.51.

Ellsworth Growth and Income Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th were issued a $0.22 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.7%. This is an increase from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.19.

Institutional Trading of Ellsworth Growth and Income Fund

Several hedge funds have recently bought and sold shares of ECF. Global Retirement Partners LLC bought a new stake in Ellsworth Growth and Income Fund during the 2nd quarter valued at $28,000. Readystate Asset Management LP acquired a new position in Ellsworth Growth and Income Fund during the second quarter worth $154,000. Beckerman Institutional LLC acquired a new position in Ellsworth Growth and Income Fund during the second quarter worth $169,000. Ruggaard & Associates LLC acquired a new position in Ellsworth Growth and Income Fund during the second quarter worth $248,000. Finally, Private Advisor Group LLC lifted its stake in shares of Ellsworth Growth and Income Fund by 7.6% in the first quarter. Private Advisor Group LLC now owns 27,015 shares of the investment management company’s stock valued at $301,000 after buying an additional 1,916 shares in the last quarter. Institutional investors and hedge funds own 35.88% of the company’s stock.

About Ellsworth Growth and Income Fund

(Get Free Report)

Ellsworth Growth and Income Fund, Inc is a closed-end management investment company listed on the NYSE American under the symbol ECF. The fund seeks to provide investors with current income and long-term capital appreciation through a professionally managed portfolio of securities.

The fund invests primarily in convertible securities, including convertible bonds and preferred stocks, as well as common stocks and other income-producing investments. Convertible securities may provide regular income while also offering the potential to participate in the appreciation of the underlying companies’ common shares.