Saba Capital Management, L.P. Purchases 8,031 Shares of Ellsworth Growth and Income Fund (NYSE:ECF) Stock

Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) major shareholder Saba Capital Management, L.P. bought 8,031 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was acquired at an average price of $10.69 per share, for a total transaction of $85,851.39. Following the transaction, the insider owned 1,635,252 shares of the company’s stock, valued at approximately $17,480,843.88. The trade was a 0.49% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Ellsworth Growth and Income Fund Trading Up 2.3%

Ellsworth Growth and Income Fund stock opened at $10.97 on Friday. Ellsworth Growth and Income Fund Ltd. has a 12-month low of $8.15 and a 12-month high of $10.97. The business’s 50-day moving average price is $10.42 and its two-hundred day moving average price is $9.77.

Institutional Trading of Ellsworth Growth and Income Fund

A number of hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC boosted its stake in shares of Ellsworth Growth and Income Fund by 44.8% during the second quarter. NewEdge Advisors LLC now owns 75,407 shares of the company’s stock valued at $773,000 after purchasing an additional 23,340 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of Ellsworth Growth and Income Fund by 1.0% during the second quarter. Baird Financial Group Inc. now owns 145,155 shares of the company’s stock valued at $1,488,000 after purchasing an additional 1,475 shares in the last quarter. Guggenheim Capital LLC boosted its stake in shares of Ellsworth Growth and Income Fund by 5.0% during the second quarter. Guggenheim Capital LLC now owns 148,511 shares of the company’s stock valued at $1,522,000 after purchasing an additional 7,089 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Ellsworth Growth and Income Fund by 31.2% during the second quarter. Invesco Ltd. now owns 161,109 shares of the company’s stock valued at $1,651,000 after purchasing an additional 38,271 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in shares of Ellsworth Growth and Income Fund by 190.0% during the second quarter. Wolverine Asset Management LLC now owns 136,527 shares of the company’s stock valued at $1,399,000 after purchasing an additional 89,456 shares in the last quarter. 35.88% of the stock is 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.