Ellsworth Growth and Income Fund Ltd. (ECF) to Issue Quarterly Dividend of $0.19 on March 24th

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) announced a quarterly dividend on Wednesday, February 11th. Investors of record on Tuesday, March 17th will be paid a dividend of 0.19 per share by the investment management company on Tuesday, March 24th. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date is Tuesday, March 17th.

Ellsworth Growth and Income Fund Price Performance

Shares of ECF opened at $11.44 on Friday. Ellsworth Growth and Income Fund has a 1-year low of $8.15 and a 1-year high of $12.65. The firm has a fifty day moving average price of $12.05 and a 200 day moving average price of $11.87.

Insider Activity at Ellsworth Growth and Income Fund

In other news, major shareholder Saba Capital Management, L.P. sold 14,591 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $12.16, for a total value of $177,426.56. Following the completion of the sale, the insider directly owned 1,604,273 shares of the company’s stock, valued at approximately $19,507,959.68. The trade was a 0.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 76,347 shares of company stock worth $923,828 in the last 90 days. 0.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its position in Ellsworth Growth and Income Fund by 72.9% during the fourth quarter. Advisors Asset Management Inc. now owns 393,918 shares of the investment management company’s stock worth $4,581,000 after buying an additional 166,043 shares during the period. Pathstone Holdings LLC lifted its stake in Ellsworth Growth and Income Fund by 42.0% in the third quarter. Pathstone Holdings LLC now owns 390,077 shares of the investment management company’s stock valued at $4,525,000 after buying an additional 115,441 shares during the last quarter. Evolve Private Wealth LLC purchased a new stake in Ellsworth Growth and Income Fund in the fourth quarter valued at approximately $811,000. Saba Capital Management L.P. boosted its holdings in shares of Ellsworth Growth and Income Fund by 2.8% in the fourth quarter. Saba Capital Management L.P. now owns 1,680,620 shares of the investment management company’s stock valued at $19,546,000 after acquiring an additional 45,368 shares during the period. Finally, Sit Investment Associates Inc. boosted its holdings in shares of Ellsworth Growth and Income Fund by 4.9% in the fourth quarter. Sit Investment Associates Inc. now owns 932,552 shares of the investment management company’s stock valued at $10,846,000 after acquiring an additional 43,839 shares during the period. Hedge funds and other institutional investors own 35.88% of the company’s stock.

About Ellsworth Growth and Income Fund

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.