Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Share Price Passes Below 200 Day Moving Average – Here’s Why

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.35 and traded as low as $12.25. Ellsworth Growth and Income Fund shares last traded at $12.61, with a volume of 38,195 shares traded.

Ellsworth Growth and Income Fund Price Performance

The firm’s 50-day moving average price is $12.87 and its 200-day moving average price is $12.35.

Ellsworth Growth and Income Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Monday, June 15th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Monday, June 15th.

Institutional Investors Weigh In On Ellsworth Growth and Income Fund

Several institutional investors have recently made changes to their positions in the stock. Gilpin Wealth Management LLC bought a new position in shares of Ellsworth Growth and Income Fund in the fourth quarter worth $47,000. Osaic Holdings Inc. raised its stake 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 valued at $157,000 after purchasing an additional 1,535 shares during the period. LPL Financial LLC raised its stake in shares of Ellsworth Growth and Income Fund by 27.7% during the 4th 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 during the period. K2 Principal Fund L.P. lifted its holdings in Ellsworth Growth and Income Fund by 3.5% during the 4th quarter. K2 Principal Fund L.P. now owns 24,619 shares of the investment management company’s stock worth $286,000 after purchasing an additional 834 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Ellsworth Growth and Income Fund by 7.6% during the 1st quarter. Private Advisor Group LLC now owns 27,015 shares of the investment management company’s stock worth $301,000 after purchasing an additional 1,916 shares in the last quarter. 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.