Ellsworth Growth and Income Fund Ltd. $ECF Shares Sold by Saba Capital Management L.P.

Saba Capital Management L.P. lowered its stake in shares of Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,604,273 shares of the investment management company’s stock after selling 76,347 shares during the period. Saba Capital Management L.P. owned about 11.73% of Ellsworth Growth and Income Fund worth $17,888,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ECF. Wells Fargo & Company MN lifted its position in shares of Ellsworth Growth and Income Fund by 3.3% during the 4th quarter. Wells Fargo & Company MN now owns 946,404 shares of the investment management company’s stock valued at $11,007,000 after acquiring an additional 30,142 shares during the period. Sit Investment Associates Inc. increased its stake in Ellsworth Growth and Income Fund by 4.9% in the 4th quarter. Sit Investment Associates Inc. now owns 932,552 shares of the investment management company’s stock valued at $10,846,000 after purchasing an additional 43,839 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Ellsworth Growth and Income Fund by 72.9% in the 4th quarter. Advisors Asset Management Inc. now owns 393,918 shares of the investment management company’s stock valued at $4,581,000 after purchasing an additional 166,043 shares in the last quarter. Pathstone Holdings LLC raised its holdings in Ellsworth Growth and Income Fund by 42.0% during the third quarter. Pathstone Holdings LLC now owns 390,077 shares of the investment management company’s stock worth $4,525,000 after purchasing an additional 115,441 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Ellsworth Growth and Income Fund by 17.2% during the fourth quarter. Invesco Ltd. now owns 232,215 shares of the investment management company’s stock worth $2,701,000 after purchasing an additional 34,026 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Ellsworth Growth and Income Fund Trading Down 1.5%

ECF opened at $12.30 on Tuesday. Ellsworth Growth and Income Fund Ltd. has a one year low of $10.33 and a one year high of $13.85. The business’s fifty day moving average is $12.95 and its two-hundred day moving average is $12.34.

Ellsworth Growth and Income Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Monday, June 15th were given a $0.19 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.76 annualized dividend and a dividend yield of 6.2%.

Ellsworth Growth and Income Fund Company Profile

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.