Insider Buying: Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Major Shareholder Purchases 17,079 Shares of Company Stock

Posted by James Quigley on Oct 20th, 2026

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 17,079 shares of Ellsworth Growth and Income Fund stock in a transaction on Monday, October 19th. The stock was bought at an average price of $11.47 per share, for a total transaction of $195,896.13. Following the completion of the acquisition, the insider owned 1,788,025 shares in the company, valued at $20,508,646.75. The trade was a 0.96% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Friday, October 16th, Saba Capital Management, L.P. acquired 16,347 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average cost of $11.65 per share, with a total value of $190,442.55.
On Thursday, October 15th, Saba Capital Management, L.P. acquired 9,969 shares of Ellsworth Growth and Income Fund stock. The shares were purchased at an average price of $11.62 per share, with a total value of $115,839.78.
On Wednesday, October 14th, Saba Capital Management, L.P. bought 56,083 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average cost of $11.74 per share, for a total transaction of $658,414.42.
On Monday, October 12th, Saba Capital Management, L.P. bought 14,600 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average cost of $12.03 per share, for a total transaction of $175,638.00.
On Thursday, October 8th, Saba Capital Management, L.P. bought 27,937 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average price of $11.95 per share, for a total transaction of $333,847.15.
On Wednesday, October 7th, Saba Capital Management, L.P. purchased 17,548 shares of Ellsworth Growth and Income Fund stock. The shares were purchased at an average cost of $11.97 per share, with a total value of $210,049.56.
On Friday, September 4th, Saba Capital Management, L.P. purchased 6,800 shares of Ellsworth Growth and Income Fund stock. The shares were purchased at an average cost of $12.36 per share, with a total value of $84,048.00.
On Thursday, September 3rd, Saba Capital Management, L.P. purchased 5,000 shares of Ellsworth Growth and Income Fund stock. The shares were purchased at an average price of $12.25 per share, with a total value of $61,250.00.
On Friday, August 28th, Saba Capital Management, L.P. purchased 1,200 shares of Ellsworth Growth and Income Fund stock. The shares were purchased at an average price of $12.47 per share, with a total value of $14,964.00.
On Thursday, August 27th, Saba Capital Management, L.P. acquired 3,900 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average cost of $12.49 per share, for a total transaction of $48,711.00.

Ellsworth Growth and Income Fund Stock Performance

NYSEAMERICAN:ECF traded down $0.01 during trading hours on Tuesday, reaching $11.45. The stock had a trading volume of 25,436 shares, compared to its average volume of 33,059. Ellsworth Growth and Income Fund Ltd. has a 52 week low of $10.70 and a 52 week high of $13.85. The company has a 50 day moving average price of $12.25 and a two-hundred day moving average price of $12.51.

Ellsworth Growth and Income Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.7%. This is a boost from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, September 16th.

Institutional Investors Weigh In On Ellsworth Growth and Income Fund

A number of hedge funds have recently bought and sold shares of the business. Capstone Investment Advisors LLC bought a new position in Ellsworth Growth and Income Fund during the second quarter valued at $1,076,000. Evolve Private Wealth LLC purchased a new position in shares of Ellsworth Growth and Income Fund in the 2nd quarter worth $875,000. Royal Bank of Canada increased its holdings in shares of Ellsworth Growth and Income Fund by 16.8% in the 1st quarter. Royal Bank of Canada now owns 55,309 shares of the investment management company’s stock worth $617,000 after buying an additional 7,955 shares during the last quarter. Waverly Advisors LLC increased its holdings in shares of Ellsworth Growth and Income Fund by 3.2% in the 1st quarter. Waverly Advisors LLC now owns 42,499 shares of the investment management company’s stock worth $474,000 after buying an additional 1,300 shares during the last quarter. Finally, K2 Principal Fund L.P. purchased a new stake in shares of Ellsworth Growth and Income Fund during the 2nd quarter valued at about $325,000. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Company Profile

(Get Free Report)

Ellsworth Growth and Income Fund, Inc is a closed-end management investment company listed on the NYSE American under the symbol ECF. The fund seeks to provide investors with current income and long-term capital appreciation through a professionally managed portfolio of securities.

The fund invests primarily in convertible securities, including convertible bonds and preferred stocks, as well as common stocks and other income-producing investments. Convertible securities may provide regular income while also offering the potential to participate in the appreciation of the underlying companies’ common shares.