Ellsworth Growth and Income Fund Ltd. $ECF Shares Sold by WNY Asset Management LLC

WNY Asset Management LLC lessened its holdings in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 16.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,822 shares of the company’s stock after selling 13,500 shares during the quarter. WNY Asset Management LLC owned 0.51% of Ellsworth Growth and Income Fund worth $716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ECF. Elequin Capital LP purchased a new stake in Ellsworth Growth and Income Fund in the 1st quarter valued at approximately $27,000. AdvisorNet Financial Inc purchased a new stake in Ellsworth Growth and Income Fund in the 2nd quarter valued at approximately $31,000. K2 Principal Fund L.P. boosted its holdings in Ellsworth Growth and Income Fund by 56.6% in the 1st quarter. K2 Principal Fund L.P. now owns 23,785 shares of the company’s stock valued at $216,000 after purchasing an additional 8,592 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in Ellsworth Growth and Income Fund in the 1st quarter valued at approximately $427,000. Finally, Uhlmann Price Securities LLC boosted its stake in shares of Ellsworth Growth and Income Fund by 10.3% during the 2nd quarter. Uhlmann Price Securities LLC now owns 66,680 shares of the company’s stock worth $683,000 after acquiring an additional 6,202 shares in the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Price Performance

Shares of NYSE:ECF opened at $12.32 on Wednesday. Ellsworth Growth and Income Fund Ltd. has a 12 month low of $8.15 and a 12 month high of $12.59. The business’s 50 day simple moving average is $11.60 and its 200-day simple moving average is $10.51.

Ellsworth Growth and Income Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Tuesday, September 16th.

Insider Activity at Ellsworth Growth and Income Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 8,031 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $10.69 per share, for a total transaction of $85,851.39. Following the acquisition, the insider directly owned 1,635,252 shares in the company, valued at approximately $17,480,843.88. This represents a 0.49% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by insiders.

Ellsworth Growth and Income Fund 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.