Beckerman Institutional LLC Acquires New Shares in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)

Beckerman Institutional LLC purchased a new stake in shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 12,668 shares of the company’s stock, valued at approximately $114,000. Beckerman Institutional LLC owned about 0.09% of Ellsworth Growth and Income Fund at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in shares of Ellsworth Growth and Income Fund during the 2nd quarter valued at $122,000. Cornerstone Advisors LLC boosted its stake in shares of Ellsworth Growth and Income Fund by 2.9% during the second quarter. Cornerstone Advisors LLC now owns 346,675 shares of the company’s stock valued at $2,857,000 after purchasing an additional 9,652 shares in the last quarter. Vima LLC grew its holdings in shares of Ellsworth Growth and Income Fund by 20.6% during the second quarter. Vima LLC now owns 115,545 shares of the company’s stock worth $952,000 after purchasing an additional 19,754 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its stake in shares of Ellsworth Growth and Income Fund by 39.7% in the second quarter. Blue Bell Private Wealth Management LLC now owns 65,050 shares of the company’s stock valued at $536,000 after buying an additional 18,490 shares during the period. Finally, Shaker Financial Services LLC raised its holdings in Ellsworth Growth and Income Fund by 14.2% in the 2nd quarter. Shaker Financial Services LLC now owns 111,018 shares of the company’s stock valued at $915,000 after buying an additional 13,780 shares during the last quarter. Institutional investors own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Price Performance

ECF opened at $9.68 on Friday. Ellsworth Growth and Income Fund Ltd. has a fifty-two week low of $7.40 and a fifty-two week high of $9.70. The company’s 50 day moving average price is $9.06 and its two-hundred day moving average price is $8.53.

Ellsworth Growth and Income Fund Announces Dividend

The business also recently disclosed 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 5.37%.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. purchased 3,302 shares of Ellsworth Growth and Income Fund stock in a transaction on Friday, September 27th. The shares were purchased at an average price of $8.93 per share, for a total transaction of $29,486.86. Following the transaction, the insider now owns 1,403,987 shares of the company’s stock, valued at approximately $12,537,603.91. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.52% of the stock is owned by corporate insiders.

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.