Cornerstone Advisors LLC Sells 255,952 Shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)

Cornerstone Advisors LLC lessened its position in shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 73.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,723 shares of the company’s stock after selling 255,952 shares during the period. Cornerstone Advisors LLC owned approximately 0.66% of Ellsworth Growth and Income Fund worth $816,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ECF. Beckerman Institutional LLC purchased a new stake in Ellsworth Growth and Income Fund in the third quarter worth approximately $114,000. Wolverine Asset Management LLC boosted its stake in shares of Ellsworth Growth and Income Fund by 16.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 14,442 shares of the company’s stock valued at $130,000 after purchasing an additional 2,036 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Ellsworth Growth and Income Fund during the 2nd quarter valued at $122,000. Blue Bell Private Wealth Management LLC raised its position in Ellsworth Growth and Income Fund by 39.7% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 65,050 shares of the company’s stock worth $536,000 after purchasing an additional 18,490 shares during the period. Finally, Shaker Financial Services LLC lifted its stake in Ellsworth Growth and Income Fund by 14.2% in the second quarter. Shaker Financial Services LLC now owns 111,018 shares of the company’s stock worth $915,000 after purchasing an additional 13,780 shares during the last quarter. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. bought 3,302 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was acquired at an average cost of $8.93 per share, for a total transaction of $29,486.86. Following the purchase, the insider now owns 1,403,987 shares in the company, valued at approximately $12,537,603.91. This represents a 0.24 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

Ellsworth Growth and Income Fund Trading Up 0.7 %

NYSE:ECF opened at $9.80 on Friday. Ellsworth Growth and Income Fund Ltd. has a 52 week low of $7.54 and a 52 week high of $9.86. The company has a fifty day moving average of $9.23 and a 200 day moving average of $8.65.

Ellsworth Growth and Income Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend is Friday, November 22nd.

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.