Capstone Investment Advisors LLC Buys 51,262 Shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)

Capstone Investment Advisors LLC grew its stake in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF - Free Report) by 179.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,774 shares of the company's stock after acquiring an additional 51,262 shares during the quarter. Capstone Investment Advisors LLC owned 0.58% of Ellsworth Growth and Income Fund worth $773,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ECF. Raymond James Financial Inc. acquired a new stake in shares of Ellsworth Growth and Income Fund in the 4th quarter valued at about $881,000. Advisors Asset Management Inc. boosted its stake in shares of 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 buying an additional 140,392 shares during the last quarter. Sit Investment Associates Inc. grew its holdings in shares of Ellsworth Growth and Income Fund by 161.5% in the 4th quarter. Sit Investment Associates Inc. now owns 318,285 shares of the company's stock valued at $3,084,000 after acquiring an additional 196,567 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Ellsworth Growth and Income Fund by 7.3% in the fourth quarter. Sanctuary Advisors LLC now owns 69,370 shares of the company's stock valued at $698,000 after acquiring an additional 4,715 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its position in shares of Ellsworth Growth and Income Fund by 8.3% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 138,308 shares of the company's stock valued at $1,340,000 after acquiring an additional 10,574 shares during the last quarter. Institutional investors own 35.88% of the company's stock.

Insider Buying and Selling

In other Ellsworth Growth and Income Fund news, major shareholder Saba Capital Management, L.P. purchased 11,276 shares of the stock in a transaction on Tuesday, April 8th. The shares were purchased at an average price of $8.37 per share, with a total value of $94,380.12. Following the completion of the transaction, the insider now directly owns 1,545,610 shares in the company, valued at $12,936,755.70. This represents a 0.73 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have bought 129,300 shares of company stock worth $1,150,251. Insiders own 0.54% of the company's stock.

Ellsworth Growth and Income Fund Stock Performance

NYSE ECF traded up $0.03 during trading hours on Friday, hitting $9.46. 53,177 shares of the company traded hands, compared to its average volume of 42,202. Ellsworth Growth and Income Fund Ltd. has a twelve month low of $7.92 and a twelve month high of $10.14. The business's 50-day moving average is $9.05 and its 200-day moving average is $9.50.

Ellsworth Growth and Income Fund Cuts Dividend

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

About Ellsworth Growth and Income Fund

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.