Ellsworth Growth and Income Fund (NYSE:ECF) Shares Up 0.7% After Dividend Announcement

Shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) were up 0.7% on Friday following a dividend announcement from the company. The company traded as high as $10.08 and last traded at $10.04. Approximately 24,440 shares were traded during trading, a decline of 13% from the average daily volume of 28,188 shares. The stock had previously closed at $9.97.

The newly announced dividend which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 5.18%. The ex-dividend date is Monday, March 17th.

Ellsworth Growth and Income Fund Trading Up 0.7 %

The firm has a fifty day moving average price of $9.84 and a 200-day moving average price of $9.34.

Institutional Investors Weigh In On Ellsworth Growth and Income Fund

Several hedge funds have recently made changes to their positions in ECF. Sit Investment Associates Inc. boosted its holdings in shares of Ellsworth Growth and Income Fund by 161.5% during the fourth quarter. Sit Investment Associates Inc. now owns 318,285 shares of the company’s stock worth $3,084,000 after purchasing an additional 196,567 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Ellsworth Growth and Income Fund by 61.4% during the fourth quarter. Advisors Asset Management Inc. now owns 368,889 shares of the company’s stock worth $3,575,000 after purchasing an additional 140,392 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Ellsworth Growth and Income Fund during the fourth quarter worth $881,000. Sanctuary Advisors LLC boosted its holdings in Ellsworth Growth and Income Fund by 310.0% in the third quarter. Sanctuary Advisors LLC now owns 64,655 shares of the company’s stock valued at $628,000 after acquiring an additional 48,887 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in Ellsworth Growth and Income Fund in the third quarter valued at $288,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Company Profile

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.