Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $12.72 and traded as high as $13.33. Ellsworth Growth and Income Fund shares last traded at $12.98, with a volume of 22,668 shares trading hands.

Ellsworth Growth and Income Fund Stock Performance

The stock has a 50 day moving average price of $12.76 and a 200 day moving average price of $12.15.

Ellsworth Growth and Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Monday, June 15th.

Institutional Investors Weigh In On Ellsworth Growth and Income Fund

Several large investors have recently modified their holdings of the stock. K2 Principal Fund L.P. lifted its stake in Ellsworth Growth and Income Fund by 3.5% in the fourth quarter. K2 Principal Fund L.P. now owns 24,619 shares of the investment management company’s stock valued at $286,000 after purchasing an additional 834 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Ellsworth Growth and Income Fund by 1.3% in the third quarter. Raymond James Financial Inc. now owns 80,538 shares of the investment management company’s stock valued at $934,000 after buying an additional 996 shares during the period. Uhlmann Price Securities LLC raised its stake in shares of Ellsworth Growth and Income Fund by 1.5% in the first quarter. Uhlmann Price Securities LLC now owns 68,718 shares of the investment management company’s stock valued at $766,000 after buying an additional 1,000 shares during the period. Waverly Advisors LLC lifted its position in shares of Ellsworth Growth and Income Fund by 3.2% during the 1st quarter. Waverly Advisors LLC now owns 42,499 shares of the investment management company’s stock valued at $474,000 after buying an additional 1,300 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of Ellsworth Growth and Income Fund by 1.0% during the 2nd quarter. Baird Financial Group Inc. now owns 145,155 shares of the investment management company’s stock valued at $1,488,000 after buying an additional 1,475 shares during the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Company Profile

Ellsworth Growth and Income Fund (NYSEAMERICAN: ECF) is a closed-end management investment company that seeks to provide investors with a combination of capital appreciation and current income. The fund pursues its objectives by investing primarily in a diversified portfolio of common stocks of U.S. companies that pay dividends and exhibit long-term growth potential. To complement its equity holdings, the fund may also invest in preferred stocks, convertible securities and other income-oriented instruments.

ECF’s investment strategy emphasizes a disciplined, research-driven approach.