Sit Investment Associates Inc. Acquires 43,839 Shares of Ellsworth Growth and Income Fund Ltd. $ECF

Sit Investment Associates Inc. grew its holdings in shares of Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 932,552 shares of the investment management company’s stock after buying an additional 43,839 shares during the quarter. Sit Investment Associates Inc. owned 6.82% of Ellsworth Growth and Income Fund worth $10,846,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ECF. Gilpin Wealth Management LLC bought a new position in Ellsworth Growth and Income Fund in the 4th quarter valued at about $47,000. Osaic Holdings Inc. increased its holdings in Ellsworth Growth and Income Fund by 11.1% during the 2nd quarter. Osaic Holdings Inc. now owns 15,356 shares of the investment management company’s stock worth $157,000 after purchasing an additional 1,535 shares in the last quarter. PMG Family Office LLC bought a new stake in Ellsworth Growth and Income Fund during the 3rd quarter worth approximately $212,000. LPL Financial LLC increased its holdings in Ellsworth Growth and Income Fund by 27.7% during the 4th quarter. LPL Financial LLC now owns 23,308 shares of the investment management company’s stock worth $271,000 after purchasing an additional 5,051 shares in the last quarter. Finally, K2 Principal Fund L.P. raised its stake in shares of 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 worth $286,000 after purchasing an additional 834 shares during the last quarter. 35.88% of the stock is owned by institutional investors.

Ellsworth Growth and Income Fund Stock Performance

ECF stock opened at $13.27 on Friday. Ellsworth Growth and Income Fund Ltd. has a twelve month low of $9.88 and a twelve month high of $13.85. The stock’s 50 day moving average is $12.76 and its 200-day moving average is $12.15.

Ellsworth Growth and Income Fund Dividend Announcement

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

Ellsworth Growth and Income Fund 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.