Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) Stake Cut by Old Port Advisors

Old Port Advisors decreased its holdings in shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,712 shares of the company’s stock after selling 1,092 shares during the period. Old Port Advisors owned about 0.14% of Ellsworth Growth and Income Fund worth $191,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC boosted 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 valued at $536,000 after acquiring an additional 18,490 shares during the period. Shaker Financial Services LLC lifted its stake in Ellsworth Growth and Income Fund by 14.2% in the second quarter. Shaker Financial Services LLC now owns 111,018 shares of the company’s stock valued at $915,000 after buying an additional 13,780 shares during the last quarter. Vima LLC boosted its holdings in shares of Ellsworth Growth and Income Fund by 20.6% during 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 during the period. Cornerstone Advisors LLC grew its position in shares of Ellsworth Growth and Income Fund by 2.9% during the second quarter. Cornerstone Advisors LLC now owns 346,675 shares of the company’s stock worth $2,857,000 after acquiring an additional 9,652 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its holdings in shares of Ellsworth Growth and Income Fund by 16.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 14,442 shares of the company’s stock worth $130,000 after acquiring an additional 2,036 shares during the period. 35.88% of the stock is owned by institutional investors and hedge funds.

Ellsworth Growth and Income Fund Stock Performance

NYSE ECF opened at $9.58 on Friday. The company has a 50-day moving average price of $9.66 and a two-hundred day moving average price of $9.00. Ellsworth Growth and Income Fund Ltd. has a 52 week low of $7.55 and a 52 week high of $10.02.

Ellsworth Growth and Income Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, November 22nd were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 5.85%.

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.