Advisors Asset Management Inc. Increases Stock Holdings in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)

Advisors Asset Management Inc. raised its stake in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 61.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 368,889 shares of the company’s stock after acquiring an additional 140,392 shares during the period. Advisors Asset Management Inc.’s holdings in Ellsworth Growth and Income Fund were worth $3,575,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Capstone Investment Advisors LLC purchased a new position in shares of Ellsworth Growth and Income Fund during the third quarter worth approximately $256,000. Kovitz Investment Group Partners LLC purchased a new position in shares of Ellsworth Growth and Income Fund during the third quarter worth approximately $288,000. Sanctuary Advisors LLC grew its position in shares of Ellsworth Growth and Income Fund by 310.0% during the third quarter. Sanctuary Advisors LLC now owns 64,655 shares of the company’s stock worth $628,000 after acquiring an additional 48,887 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Ellsworth Growth and Income Fund during the fourth quarter worth approximately $881,000. Finally, Blue Bell Private Wealth Management LLC grew its position in shares of Ellsworth Growth and Income Fund by 8.3% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 138,308 shares of the company’s stock worth $1,340,000 after acquiring an additional 10,574 shares during the last quarter. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Ellsworth Growth and Income Fund Stock Performance

Shares of ECF opened at $9.38 on Friday. The company’s 50 day simple moving average is $9.75 and its 200-day simple moving average is $9.52. Ellsworth Growth and Income Fund Ltd. has a 12-month low of $7.55 and a 12-month high of $10.14.

Ellsworth Growth and Income Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be paid a $0.13 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.52 annualized dividend and a yield of 5.54%.

Ellsworth Growth and Income Fund Profile

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.