Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.35 and traded as low as $12.25. Ellsworth Growth and Income Fund shares last traded at $12.61, with a volume of 38,195 shares traded.

Ellsworth Growth and Income Fund Price Performance

The business’s 50-day simple moving average is $12.84 and its 200-day simple moving average is $12.35.

Ellsworth Growth and Income Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th were paid a $0.19 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.76 dividend on an annualized basis and a yield of 6.1%.

Institutional Investors Weigh In On Ellsworth Growth and Income Fund

Several institutional investors have recently made changes to their positions in the company. K2 Principal Fund L.P. increased 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 period. Raymond James Financial Inc. boosted its stake in Ellsworth Growth and Income Fund by 1.3% during the 3rd quarter. Raymond James Financial Inc. now owns 80,538 shares of the investment management company’s stock valued at $934,000 after purchasing an additional 996 shares during the period. Uhlmann Price Securities LLC grew its holdings in Ellsworth Growth and Income Fund by 1.5% in the 1st 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 last quarter. Waverly Advisors LLC grew its holdings in 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 valued at $474,000 after buying an additional 1,300 shares during the last quarter. Finally, Baird Financial Group Inc. increased its position in Ellsworth Growth and Income Fund by 1.0% in the 2nd quarter. Baird Financial Group Inc. now owns 145,155 shares of the investment management company’s stock worth $1,488,000 after buying an additional 1,475 shares during the period. 35.88% of the stock is currently owned by institutional investors and hedge funds.

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.