Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Major Shareholder Saba Capital Management, L.P. Buys 6,800 Shares

Posted by George Bondi on Sep 8th, 2026

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 6,800 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were bought at an average price of $12.36 per share, for a total transaction of $84,048.00. Following the completion of the transaction, the insider owned 1,628,462 shares of the company’s stock, valued at approximately $20,127,790.32. This trade represents a 0.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

On Thursday, September 3rd, Saba Capital Management, L.P. acquired 5,000 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average price of $12.25 per share, with a total value of $61,250.00.
On Friday, August 28th, Saba Capital Management, L.P. acquired 1,200 shares of Ellsworth Growth and Income Fund stock. The shares were purchased at an average cost of $12.47 per share, with a total value of $14,964.00.
On Thursday, August 27th, Saba Capital Management, L.P. acquired 3,900 shares of Ellsworth Growth and Income Fund stock. The shares were purchased at an average cost of $12.49 per share, with a total value of $48,711.00.
On Friday, August 21st, Saba Capital Management, L.P. bought 5,742 shares of Ellsworth Growth and Income Fund stock. The shares were purchased at an average cost of $12.53 per share, for a total transaction of $71,947.26.
On Thursday, August 20th, Saba Capital Management, L.P. bought 1,547 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average price of $12.52 per share, for a total transaction of $19,368.44.

Ellsworth Growth and Income Fund Trading Up 0.9%

Shares of ECF stock traded up $0.12 on Tuesday, reaching $12.44. The company’s stock had a trading volume of 5,519 shares, compared to its average volume of 30,605. The stock’s 50 day simple moving average is $12.56 and its 200-day simple moving average is $12.39. Ellsworth Growth and Income Fund Ltd. has a 12-month low of $10.70 and a 12-month high of $13.85.

Ellsworth Growth and Income Fund Increases Dividend

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

Institutional Investors Weigh In On Ellsworth Growth and Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Capstone Investment Advisors LLC purchased a new position in Ellsworth Growth and Income Fund in the 2nd quarter worth approximately $1,076,000. Evolve Private Wealth LLC bought a new stake in Ellsworth Growth and Income Fund in the 2nd quarter worth $875,000. Sit Investment Associates Inc. increased its position in shares of Ellsworth Growth and Income Fund by 4.9% in the fourth quarter. Sit Investment Associates Inc. now owns 932,552 shares of the investment management company’s stock valued at $10,846,000 after acquiring an additional 43,839 shares during the period. K2 Principal Fund L.P. raised its stake in shares of Ellsworth Growth and Income Fund by 3.5% during the fourth quarter. K2 Principal Fund L.P. now owns 24,619 shares of the investment management company’s stock valued at $286,000 after acquiring an additional 834 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in shares of Ellsworth Growth and Income Fund by 7.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 199,783 shares of the investment management company’s stock worth $2,323,000 after purchasing an additional 13,974 shares during the period. Institutional investors own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Company Profile

(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.