Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Major Shareholder Saba Capital Management, L.P. Buys 5,742 Shares of Stock

Posted by Brenda Bartman on Aug 24th, 2026

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 5,742 shares of Ellsworth Growth and Income Fund stock in a transaction dated Friday, August 21st. The shares were acquired at an average cost of $12.53 per share, for a total transaction of $71,947.26. Following the completion of the transaction, the insider owned 1,611,562 shares of the company’s stock, valued at approximately $20,192,871.86. This represents a 0.36% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Thursday, August 20th, Saba Capital Management, L.P. bought 1,547 shares of Ellsworth Growth and Income Fund stock. The shares were acquired at an average price of $12.52 per share, for a total transaction of $19,368.44.

Ellsworth Growth and Income Fund Trading Down 0.8%

NYSEAMERICAN:ECF traded down $0.10 during mid-day trading on Monday, hitting $12.43. 5,069 shares of the company’s stock traded hands, compared to its average volume of 31,034. The company has a fifty day moving average of $12.74 and a 200 day moving average of $12.38. Ellsworth Growth and Income Fund Ltd. has a twelve month low of $10.70 and a twelve month high of $13.85.

Ellsworth Growth and Income Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.88 dividend on an annualized basis and a yield of 7.1%. This is an increase from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.19.

Institutional Investors Weigh In On Ellsworth Growth and Income Fund

A number of hedge funds have recently modified their holdings of ECF. Saba Capital Management L.P. boosted its stake in Ellsworth Growth and Income Fund by 2.8% during the fourth quarter. Saba Capital Management L.P. now owns 1,680,620 shares of the investment management company’s stock worth $19,546,000 after buying an additional 45,368 shares during the period. Wells Fargo & Company MN boosted its stake in Ellsworth Growth and Income Fund by 3.3% in the fourth quarter. Wells Fargo & Company MN now owns 946,404 shares of the investment management company’s stock valued at $11,007,000 after acquiring an additional 30,142 shares in the last quarter. Sit Investment Associates Inc. lifted its stake in shares of Ellsworth Growth and Income Fund by 4.9% in the 4th quarter. Sit Investment Associates Inc. now owns 932,552 shares of the investment management company’s stock worth $10,846,000 after acquiring an additional 43,839 shares during the period. Advisors Asset Management Inc. increased its holdings in Ellsworth Growth and Income Fund by 72.9% in the fourth quarter. Advisors Asset Management Inc. now owns 393,918 shares of the investment management company’s stock valued at $4,581,000 after buying an additional 166,043 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its holdings in shares of Ellsworth Growth and Income Fund by 42.0% in the third quarter. Pathstone Holdings LLC now owns 390,077 shares of the investment management company’s stock valued at $4,525,000 after purchasing an additional 115,441 shares in the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

About Ellsworth Growth and Income Fund

(Get Free Report)

Ellsworth Growth and Income Fund (NYSEAMERICAN: ECF) is a closed-end management investment company that seeks to provide investors with a combination of capital appreciation and current income. The fund pursues its objectives by investing primarily in a diversified portfolio of common stocks of U.S. companies that pay dividends and exhibit long-term growth potential. To complement its equity holdings, the fund may also invest in preferred stocks, convertible securities and other income-oriented instruments.

ECF’s investment strategy emphasizes a disciplined, research-driven approach.