Sanctuary Advisors LLC Grows Stock Holdings in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)

Sanctuary Advisors LLC increased its holdings in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 310.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,655 shares of the company’s stock after purchasing an additional 48,887 shares during the quarter. Sanctuary Advisors LLC’s holdings in Ellsworth Growth and Income Fund were worth $628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Shaker Financial Services LLC lifted its holdings in 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 during the period. Blue Bell Private Wealth Management LLC lifted its stake in Ellsworth Growth and Income Fund by 39.7% in the second quarter. Blue Bell Private Wealth Management LLC now owns 65,050 shares of the company’s stock worth $536,000 after acquiring an additional 18,490 shares during the period. Vima LLC boosted its holdings in Ellsworth Growth and Income Fund by 20.6% in the second quarter. Vima LLC now owns 115,545 shares of the company’s stock valued at $952,000 after acquiring an additional 19,754 shares in the last quarter. Cornerstone Advisors LLC increased its position in Ellsworth Growth and Income Fund by 2.9% during the 2nd quarter. Cornerstone Advisors LLC now owns 346,675 shares of the company’s stock valued at $2,857,000 after purchasing an additional 9,652 shares during the period. Finally, Beckerman Institutional LLC bought a new position in Ellsworth Growth and Income Fund in the 3rd quarter worth $114,000. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Trading Up 1.0 %

Shares of NYSE ECF opened at $9.73 on Wednesday. Ellsworth Growth and Income Fund Ltd. has a 1 year low of $7.55 and a 1 year high of $10.02. The company’s 50-day moving average is $9.59 and its 200 day moving average is $8.92.

Ellsworth Growth and Income Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, November 22nd will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date is Friday, November 22nd.

Insider Activity

In other Ellsworth Growth and Income Fund news, major shareholder Saba Capital Management, L.P. bought 3,302 shares of Ellsworth Growth and Income Fund stock in a transaction dated Friday, September 27th. The shares were purchased at an average cost of $8.93 per share, with a total value of $29,486.86. Following the transaction, the insider now directly owns 1,403,987 shares of the company’s stock, valued at $12,537,603.91. This represents a 0.24 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is currently owned by company insiders.

About Ellsworth Growth and Income Fund

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.