Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF – Get Free Report) major shareholder Saba Capital Management, L.P. bought 1,547 shares of the stock in a transaction dated Thursday, August 20th. The shares were acquired at an average cost of $12.52 per share, for a total transaction of $19,368.44. Following the completion of the acquisition, the insider directly owned 1,605,820 shares of the company’s stock, valued at approximately $20,104,866.40. This trade represents a 0.10% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Friday, August 21st, Saba Capital Management, L.P. purchased 5,742 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average price of $12.53 per share, with a total value of $71,947.26.
Ellsworth Growth and Income Fund Trading Down 0.8%
NYSEAMERICAN:ECF traded down $0.10 during trading hours on Monday, reaching $12.43. 5,069 shares of the company were exchanged, compared to its average volume of 31,034. Ellsworth Growth and Income Fund Ltd. has a 1-year low of $10.70 and a 1-year high of $13.85. The business has a 50 day moving average of $12.74 and a 200 day moving average of $12.38.
Ellsworth Growth and Income Fund Increases Dividend
Hedge Funds Weigh In On Ellsworth Growth and Income Fund
Several hedge funds and other institutional investors have recently made changes to their positions in ECF. Readystate Asset Management LP bought a new stake in shares of Ellsworth Growth and Income Fund during the 2nd quarter worth approximately $154,000. Ruggaard & Associates LLC acquired a new position in Ellsworth Growth and Income Fund during the second quarter valued at approximately $248,000. Capstone Investment Advisors LLC acquired a new position in Ellsworth Growth and Income Fund during the second quarter valued at approximately $1,076,000. Evolve Private Wealth LLC bought a new stake in Ellsworth Growth and Income Fund during the second quarter worth $875,000. Finally, Beckerman Institutional LLC bought a new stake in Ellsworth Growth and Income Fund during the second quarter worth $169,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.
Ellsworth Growth and Income Fund Company Profile
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.
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