K2 Principal Fund L.P. Buys Shares of 15,193 Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)

K2 Principal Fund L.P. purchased a new position in shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,193 shares of the company’s stock, valued at approximately $147,000. K2 Principal Fund L.P. owned 0.11% of Ellsworth Growth and Income Fund as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ECF. Bulldog Investors LLP boosted its position in Ellsworth Growth and Income Fund by 238.2% in the 4th quarter. Bulldog Investors LLP now owns 314,426 shares of the company’s stock valued at $3,045,000 after buying an additional 221,447 shares during the period. Sit Investment Associates Inc. boosted its holdings in Ellsworth Growth and Income Fund by 161.5% in the fourth quarter. Sit Investment Associates Inc. now owns 318,285 shares of the company’s stock valued at $3,084,000 after purchasing an additional 196,567 shares during the period. Advisors Asset Management Inc. increased its holdings in Ellsworth Growth and Income Fund by 61.4% during the 4th quarter. Advisors Asset Management Inc. now owns 368,889 shares of the company’s stock worth $3,575,000 after purchasing an additional 140,392 shares during the period. Raymond James Financial Inc. acquired a new stake in Ellsworth Growth and Income Fund in the 4th quarter valued at about $881,000. Finally, Capstone Investment Advisors LLC raised its position in Ellsworth Growth and Income Fund by 179.8% in the 4th quarter. Capstone Investment Advisors LLC now owns 79,774 shares of the company’s stock valued at $773,000 after purchasing an additional 51,262 shares in the last quarter. 35.88% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. acquired 33,476 shares of Ellsworth Growth and Income Fund stock in a transaction dated Thursday, April 3rd. The stock was acquired at an average price of $8.88 per share, for a total transaction of $297,266.88. Following the transaction, the insider now owns 1,478,789 shares of the company’s stock, valued at $13,131,646.32. This represents a 2.32 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 129,300 shares of company stock valued at $1,150,251 in the last ninety days. Insiders own 0.54% of the company’s stock.

Ellsworth Growth and Income Fund Stock Up 0.3 %

Shares of NYSE:ECF opened at $9.46 on Friday. Ellsworth Growth and Income Fund Ltd. has a fifty-two week low of $7.94 and a fifty-two week high of $10.14. The firm’s 50 day moving average price is $9.05 and its 200 day moving average price is $9.51.

Ellsworth Growth and Income Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend was Monday, March 17th.

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.