Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Major Shareholder Saba Capital Management, L.P. Buys 5,975 Shares of Stock

Posted by Joseph Casey on Oct 31st, 2026

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 5,975 shares of Ellsworth Growth and Income Fund stock in a transaction dated Thursday, October 29th. The stock was bought at an average price of $11.87 per share, with a total value of $70,923.25. Following the completion of the purchase, the insider directly owned 1,802,498 shares in the company, valued at $21,395,651.26. This represents a 0.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

On Wednesday, October 28th, Saba Capital Management, L.P. bought 1,050 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average cost of $11.75 per share, for a total transaction of $12,337.50.
On Tuesday, October 27th, Saba Capital Management, L.P. bought 400 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average price of $11.63 per share, for a total transaction of $4,652.00.
On Monday, October 26th, Saba Capital Management, L.P. purchased 2,618 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average cost of $11.43 per share, with a total value of $29,923.74.
On Wednesday, October 21st, Saba Capital Management, L.P. purchased 2,600 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average cost of $11.58 per share, with a total value of $30,108.00.
On Tuesday, October 20th, Saba Capital Management, L.P. purchased 1,830 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average price of $11.39 per share, with a total value of $20,843.70.
On Monday, October 19th, Saba Capital Management, L.P. purchased 17,079 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average price of $11.47 per share, with a total value of $195,896.13.
On Friday, October 16th, Saba Capital Management, L.P. acquired 16,347 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average cost of $11.65 per share, for a total transaction 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 bought at an average cost of $11.62 per share, for a total transaction of $115,839.78.
On Wednesday, October 14th, Saba Capital Management, L.P. acquired 56,083 shares of Ellsworth Growth and Income Fund stock. The shares were bought 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. acquired 14,600 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average price of $12.03 per share, with a total value of $175,638.00.

Ellsworth Growth and Income Fund Trading Down 1.4%

Shares of NYSEAMERICAN:ECF opened at $11.72 on Friday. The stock has a 50 day moving average of $12.05 and a 200 day moving average of $12.29. Ellsworth Growth and Income Fund Ltd. has a 12-month low of $10.70 and a 12-month high of $13.85.

Ellsworth Growth and Income Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th were given a $0.22 dividend. The ex-dividend date was Wednesday, September 16th. This is an increase from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.5%.

Institutional Trading of Ellsworth Growth and Income Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC boosted its holdings in Ellsworth Growth and Income Fund by 19.2% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 285,041 shares of the investment management company’s stock worth $3,341,000 after buying an additional 45,897 shares during the period. Readystate Asset Management LP bought a new stake in Ellsworth Growth and Income Fund during the second quarter valued at about $154,000. Ruggaard & Associates LLC bought a new stake in Ellsworth Growth and Income Fund during the second quarter valued at about $248,000. Capstone Investment Advisors LLC bought a new stake in Ellsworth Growth and Income Fund during the second quarter valued at about $1,076,000. Finally, Evolve Private Wealth LLC bought a new stake in Ellsworth Growth and Income Fund during the second quarter valued at about $875,000. 35.88% of the stock is currently owned by institutional investors.

Ellsworth Growth and Income Fund Company Profile

(Get Free Report)

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

ECF invests primarily in convertible securities, including convertible bonds and convertible preferred stocks, as well as common stocks. Convertible securities may offer income while also providing the potential to participate in the equity appreciation of the underlying companies.