Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Major Shareholder Saba Capital Management, L.P. Purchases 17,079 Shares of Company Stock

Posted by Andrew Walz on Oct 21st, 2026

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 17,079 shares of the company’s stock in a transaction on Monday, October 19th. The stock was acquired at an average cost of $11.47 per share, with a total value of $195,896.13. Following the completion of the purchase, the insider directly owned 1,788,025 shares in the company, valued at approximately $20,508,646.75. This represents a 0.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Friday, October 16th, Saba Capital Management, L.P. bought 16,347 shares of Ellsworth Growth and Income Fund stock. The stock was acquired at an average price of $11.65 per share, for a total transaction of $190,442.55.
On Thursday, October 15th, Saba Capital Management, L.P. bought 9,969 shares of Ellsworth Growth and Income Fund stock. The shares were acquired at an average price of $11.62 per share, for a total transaction of $115,839.78.
On Wednesday, October 14th, Saba Capital Management, L.P. bought 56,083 shares of Ellsworth Growth and Income Fund stock. The shares were acquired at an average price of $11.74 per share, for a total transaction of $658,414.42.
On Monday, October 12th, Saba Capital Management, L.P. purchased 14,600 shares of Ellsworth Growth and Income Fund stock. The stock was acquired at an average cost of $12.03 per share, with a total value of $175,638.00.
On Thursday, October 8th, Saba Capital Management, L.P. purchased 27,937 shares of Ellsworth Growth and Income Fund stock. The stock was acquired at an average cost of $11.95 per share, with a total value of $333,847.15.
On Wednesday, October 7th, Saba Capital Management, L.P. purchased 17,548 shares of Ellsworth Growth and Income Fund stock. The stock was acquired at an average cost of $11.97 per share, with a total value of $210,049.56.
On Friday, September 4th, Saba Capital Management, L.P. purchased 6,800 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average price of $12.36 per share, with a total value of $84,048.00.
On Thursday, September 3rd, Saba Capital Management, L.P. purchased 5,000 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average price of $12.25 per share, with a total value of $61,250.00.
On Friday, August 28th, Saba Capital Management, L.P. purchased 1,200 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average price of $12.47 per share, with a total value of $14,964.00.
On Thursday, August 27th, Saba Capital Management, L.P. acquired 3,900 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average cost of $12.49 per share, for a total transaction of $48,711.00.

Ellsworth Growth and Income Fund Price Performance

Shares of NYSEAMERICAN ECF opened at $11.46 on Wednesday. Ellsworth Growth and Income Fund Ltd. has a 1-year low of $10.70 and a 1-year high of $13.85. The business’s 50 day moving average is $12.23 and its two-hundred day moving average is $12.51.

Ellsworth Growth and Income Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend was Wednesday, September 16th. This is a positive change from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.19.

Hedge Funds Weigh In On Ellsworth Growth and Income Fund

Several large investors have recently modified their holdings of ECF. Global Retirement Partners LLC purchased a new stake in Ellsworth Growth and Income Fund during the 2nd quarter valued at $28,000. Readystate Asset Management LP bought a new stake in Ellsworth Growth and Income Fund in the second quarter worth $154,000. Beckerman Institutional LLC purchased a new position in Ellsworth Growth and Income Fund during the second quarter worth $169,000. Ruggaard & Associates LLC purchased a new position in Ellsworth Growth and Income Fund during the second quarter worth $248,000. Finally, Private Advisor Group LLC boosted its stake in Ellsworth Growth and Income Fund by 7.6% during the first quarter. Private Advisor Group LLC now owns 27,015 shares of the investment management company’s stock worth $301,000 after buying an additional 1,916 shares during the period. Institutional investors own 35.88% of the company’s stock.

About Ellsworth Growth and Income Fund

(Get Free Report)

Ellsworth Growth and Income Fund, Inc is a closed-end management investment company listed on the NYSE American under the symbol ECF. The fund seeks to provide investors with current income and long-term capital appreciation through a professionally managed portfolio of securities.

The fund invests primarily in convertible securities, including convertible bonds and preferred stocks, as well as common stocks and other income-producing investments. Convertible securities may provide regular income while also offering the potential to participate in the appreciation of the underlying companies’ common shares.