Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its position in shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 281,333 shares of the company’s stock after selling 2,304 shares during the period. Advisors Asset Management Inc. owned 2.05% of Ellsworth Growth and Income Fund worth $2,284,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in Ellsworth Growth and Income Fund by 8.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,007,180 shares of the company’s stock worth $8,138,000 after buying an additional 79,753 shares during the period. Cornerstone Advisors LLC increased its position in Ellsworth Growth and Income Fund by 104.6% during the first quarter. Cornerstone Advisors LLC now owns 337,023 shares of the company’s stock worth $2,737,000 after buying an additional 172,278 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Ellsworth Growth and Income Fund by 1.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 317,034 shares of the company’s stock worth $2,574,000 after buying an additional 5,813 shares during the period. Vima LLC acquired a new position in Ellsworth Growth and Income Fund during the fourth quarter worth approximately $924,000. Finally, Wolverine Asset Management LLC acquired a new position in Ellsworth Growth and Income Fund during the fourth quarter worth approximately $710,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Trading Up 1.6 %

ECF traded up $0.13 during trading on Friday, hitting $8.48. 72,751 shares of the stock were exchanged, compared to its average volume of 40,861. Ellsworth Growth and Income Fund Ltd. has a 1-year low of $7.02 and a 1-year high of $8.91. The stock has a fifty day moving average price of $8.26 and a two-hundred day moving average price of $8.06.

Ellsworth Growth and Income Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Thursday, June 13th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.52 dividend on an annualized basis and a yield of 6.13%.

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.