Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Major Shareholder Saba Capital Management, L.P. Purchases 1,050 Shares of Company Stock

Posted by Shane Hupp on Oct 30th, 2026

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 1,050 shares of the stock in a transaction that occurred on Wednesday, October 28th. The stock was purchased at an average price of $11.75 per share, for a total transaction of $12,337.50. Following the completion of the transaction, the insider owned 1,796,523 shares in the company, valued at $21,109,145.25. The trade was a 0.06% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

On Tuesday, October 27th, Saba Capital Management, L.P. purchased 400 shares of Ellsworth Growth and Income Fund stock. The shares were purchased at an average price of $11.63 per share, for a total transaction of $4,652.00.
On Monday, October 26th, Saba Capital Management, L.P. bought 2,618 shares of Ellsworth Growth and Income Fund stock. The shares were acquired at an average price of $11.43 per share, for a total transaction of $29,923.74.
On Wednesday, October 21st, Saba Capital Management, L.P. acquired 2,600 shares of Ellsworth Growth and Income Fund stock. The stock was acquired 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 acquired 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. purchased 17,079 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average cost of $11.47 per share, for a total transaction of $195,896.13.
On Friday, October 16th, Saba Capital Management, L.P. purchased 16,347 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average cost of $11.65 per share, for a total transaction of $190,442.55.
On Thursday, October 15th, Saba Capital Management, L.P. purchased 9,969 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average price of $11.62 per share, with a total value of $115,839.78.
On Wednesday, October 14th, Saba Capital Management, L.P. acquired 56,083 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average price of $11.74 per share, with a total value of $658,414.42.
On Monday, October 12th, Saba Capital Management, L.P. acquired 14,600 shares of Ellsworth Growth and Income Fund stock. The shares were bought 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. acquired 27,937 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average cost of $11.95 per share, for a total transaction of $333,847.15.

Ellsworth Growth and Income Fund Stock Performance

Shares of ECF opened at $11.89 on Friday. The firm’s 50-day moving average is $12.06 and its two-hundred day moving average is $12.29. Ellsworth Growth and Income Fund Ltd. has a twelve month low of $10.70 and a twelve month high of $13.85.

Ellsworth Growth and Income Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th were paid a dividend of $0.22 per share. This is a positive change from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $0.88 annualized dividend and a dividend yield of 7.4%.

Institutional Investors Weigh In On Ellsworth Growth and Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of ECF. Blue Bell Private Wealth Management LLC boosted its position in Ellsworth Growth and Income Fund by 19.2% during the third quarter. Blue Bell Private Wealth Management LLC now owns 285,041 shares of the investment management company’s stock worth $3,341,000 after purchasing an additional 45,897 shares in the last quarter. Readystate Asset Management LP purchased a new stake in Ellsworth Growth and Income Fund in the 2nd quarter valued at approximately $154,000. Ruggaard & Associates LLC purchased a new stake in Ellsworth Growth and Income Fund in the 2nd quarter valued at approximately $248,000. Capstone Investment Advisors LLC acquired a new stake in Ellsworth Growth and Income Fund during the 2nd quarter valued at $1,076,000. Finally, Evolve Private Wealth LLC acquired a new stake in Ellsworth Growth and Income Fund during the 2nd quarter valued at $875,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Company Profile

(Get Free Report)

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

ECF invests primarily in convertible securities, including convertible bonds and convertible preferred stocks, as well as common stocks. Convertible securities may offer income while also providing the potential to participate in the equity appreciation of the underlying companies.