Ellsworth Growth and Income Fund (NYSE:ECF) Stock Price Down 0.8% – What’s Next?

Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)’s stock price fell 0.8% during trading on Monday . The stock traded as low as $9.22 and last traded at $9.25. 24,127 shares changed hands during trading, a decline of 50% from the average session volume of 48,615 shares. The stock had previously closed at $9.32.

Ellsworth Growth and Income Fund Trading Down 0.8 %

The business has a 50-day moving average price of $8.86 and a two-hundred day moving average price of $8.39.

Ellsworth Growth and Income Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 16th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 5.62%. The ex-dividend date of this dividend was Monday, September 16th.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. acquired 3,302 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average price of $8.93 per share, with a total value of $29,486.86. Following the acquisition, the insider now directly owns 1,403,987 shares in the company, valued at approximately $12,537,603.91. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of Ellsworth Growth and Income Fund

Several large investors have recently added to or reduced their stakes in ECF. Sanctuary Advisors LLC acquired a new position in Ellsworth Growth and Income Fund during the 2nd quarter worth $122,000. Cornerstone Advisors LLC lifted its holdings in Ellsworth Growth and Income Fund by 2.9% in the second quarter. Cornerstone Advisors LLC now owns 346,675 shares of the company’s stock worth $2,857,000 after purchasing an additional 9,652 shares during the period. Vima LLC grew its position in Ellsworth Growth and Income Fund by 20.6% in the 2nd quarter. Vima LLC now owns 115,545 shares of the company’s stock valued at $952,000 after buying an additional 19,754 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its stake in Ellsworth Growth and Income Fund by 39.7% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 65,050 shares of the company’s stock valued at $536,000 after buying an additional 18,490 shares during the period. Finally, Shaker Financial Services LLC raised its position in shares of Ellsworth Growth and Income Fund by 14.2% during 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. 35.88% of the stock is currently owned by institutional investors and hedge funds.

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.