Wealth Enhancement Advisory Services LLC Sells 19,390 Shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)

Wealth Enhancement Advisory Services LLC lessened its holdings in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 264,178 shares of the company’s stock after selling 19,390 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 1.92% of Ellsworth Growth and Income Fund worth $2,375,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Cornerstone Advisors LLC increased its stake in Ellsworth Growth and Income Fund by 104.6% in the first quarter. Cornerstone Advisors LLC now owns 337,023 shares of the company’s stock valued at $2,737,000 after acquiring an additional 172,278 shares during the period. Blue Bell Private Wealth Management LLC grew its stake in shares of Ellsworth Growth and Income Fund by 39.7% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 65,050 shares of the company’s stock valued at $536,000 after purchasing an additional 18,490 shares during the period. Shaker Financial Services LLC raised its holdings in shares of Ellsworth Growth and Income Fund by 14.2% in the 2nd 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 in the last quarter. Vima LLC lifted its position in shares of Ellsworth Growth and Income Fund by 20.6% during the 2nd quarter. Vima LLC now owns 115,545 shares of the company’s stock worth $952,000 after buying an additional 19,754 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in shares of Ellsworth Growth and Income Fund during the 2nd quarter worth approximately $122,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Trading Down 0.1 %

Shares of NYSE:ECF opened at $9.23 on Friday. The business’s fifty day moving average price is $8.99 and its two-hundred day moving average price is $8.47. Ellsworth Growth and Income Fund Ltd. has a fifty-two week low of $7.40 and a fifty-two week high of $9.40.

Ellsworth Growth and Income Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 16th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 5.63%. The ex-dividend date of this dividend was Monday, September 16th.

Insider Activity at Ellsworth Growth and Income Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 3,302 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was bought at an average price of $8.93 per share, with a total value of $29,486.86. Following the completion of the acquisition, the insider now owns 1,403,987 shares in the company, valued at approximately $12,537,603.91. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by insiders.

Ellsworth Growth and Income Fund Company 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.