AdvisorNet Financial Inc Purchases New Shares in Ellsworth Growth and Income Fund Ltd. $ECF

AdvisorNet Financial Inc purchased a new stake in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 3,007 shares of the company’s stock, valued at approximately $31,000.

Several other institutional investors have also added to or reduced their stakes in the company. Sit Investment Associates Inc. lifted its position in shares of Ellsworth Growth and Income Fund by 49.4% during the 1st quarter. Sit Investment Associates Inc. now owns 475,568 shares of the company’s stock valued at $4,318,000 after acquiring an additional 157,283 shares during the period. Blue Bell Private Wealth Management LLC lifted its position in shares of Ellsworth Growth and Income Fund by 9.1% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 150,961 shares of the company’s stock valued at $1,371,000 after acquiring an additional 12,653 shares during the period. Shaker Financial Services LLC lifted its position in shares of Ellsworth Growth and Income Fund by 33.1% during the 1st quarter. Shaker Financial Services LLC now owns 141,706 shares of the company’s stock valued at $1,287,000 after acquiring an additional 35,255 shares during the period. Invesco Ltd. lifted its position in shares of Ellsworth Growth and Income Fund by 25.5% during the 1st quarter. Invesco Ltd. now owns 122,838 shares of the company’s stock valued at $1,115,000 after acquiring an additional 24,994 shares during the period. Finally, Wolverine Asset Management LLC bought a new stake in shares of Ellsworth Growth and Income Fund during the 1st quarter valued at $427,000. 35.88% of the stock is currently owned by institutional investors.

Ellsworth Growth and Income Fund Trading Up 0.3%

NYSE:ECF opened at $11.47 on Friday. The stock has a fifty day moving average price of $10.98 and a 200-day moving average price of $10.04. Ellsworth Growth and Income Fund Ltd. has a fifty-two week low of $8.15 and a fifty-two week high of $11.90.

Ellsworth Growth and Income Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.6%.

Insider Activity at Ellsworth Growth and Income Fund

In other Ellsworth Growth and Income Fund news, major shareholder Saba Capital Management, L.P. purchased 8,031 shares of the stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price of $10.69 per share, with a total value of $85,851.39. Following the acquisition, the insider owned 1,635,252 shares of the company’s stock, valued at approximately $17,480,843.88. This represents a 0.49% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.54% of the company’s stock.

Ellsworth Growth and Income Fund Company 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.