Capstone Investment Advisors LLC Acquires Shares of 81,490 Ellsworth Growth and Income Fund Ltd. $ECF

Capstone Investment Advisors LLC acquired a new stake in shares of Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 81,490 shares of the investment management company’s stock, valued at approximately $1,076,000.

Several other large investors have also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in Ellsworth Growth and Income Fund during the second quarter valued at approximately $28,000. Gilpin Wealth Management LLC bought a new stake in Ellsworth Growth and Income Fund in the 4th quarter worth approximately $47,000. Osaic Holdings Inc. raised its holdings in shares of Ellsworth Growth and Income Fund by 11.1% during the 2nd quarter. Osaic Holdings Inc. now owns 15,356 shares of the investment management company’s stock worth $157,000 after acquiring an additional 1,535 shares in the last quarter. Beckerman Institutional LLC bought a new position in shares of Ellsworth Growth and Income Fund during the 2nd quarter valued at approximately $169,000. Finally, LPL Financial LLC grew its holdings in shares of Ellsworth Growth and Income Fund by 27.7% in the fourth quarter. LPL Financial LLC now owns 23,308 shares of the investment management company’s stock valued at $271,000 after purchasing an additional 5,051 shares in the last quarter. 35.88% of the stock is owned by institutional investors.

Ellsworth Growth and Income Fund Price Performance

ECF stock opened at $12.47 on Friday. The firm has a fifty day moving average price of $12.68 and a 200 day moving average price of $12.39. Ellsworth Growth and Income Fund Ltd. has a fifty-two week low of $10.70 and a fifty-two week high of $13.85.

Ellsworth Growth and Income Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Wednesday, September 16th. This is an increase from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.19.

Insider Activity at Ellsworth Growth and Income Fund

In other Ellsworth Growth and Income Fund news, major shareholder Saba Capital Management, L.P. bought 5,742 shares of Ellsworth Growth and Income Fund stock in a transaction dated Friday, August 21st. The shares were purchased at an average cost of $12.53 per share, for a total transaction of $71,947.26. Following the acquisition, the insider directly owned 1,611,562 shares in the company, valued at approximately $20,192,871.86. This represents a 0.36% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.46% of the stock is owned by insiders.

Ellsworth Growth and Income Fund 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.