Ellsworth Growth and Income Fund Ltd. (NYSE:ECF – Get Free Report) major shareholder Saba Capital Management, L.P. bought 3,302 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average price of $8.93 per share, with a total value of $29,486.86. Following the transaction, the insider now directly owns 1,403,987 shares of the company’s stock, valued at approximately $12,537,603.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Ellsworth Growth and Income Fund Price Performance
NYSE ECF opened at $9.00 on Thursday. The stock’s 50 day moving average is $8.66 and its 200 day moving average is $8.28. Ellsworth Growth and Income Fund Ltd. has a 12 month low of $7.02 and a 12 month high of $9.00.
Ellsworth Growth and Income Fund Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 16th were issued a $0.13 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.52 dividend on an annualized basis and a yield of 5.78%.
Institutional Inflows and Outflows
About Ellsworth Growth and Income Fund
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.
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