Shares of Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF - Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $11.63 and traded as high as $12.20. Ellsworth Growth and Income Fund shares last traded at $12.20, with a volume of 29,923 shares changing hands.
Ellsworth Growth and Income Fund Trading Up 1.7%
The stock's fifty day simple moving average is $11.63 and its 200 day simple moving average is $11.87.
Ellsworth Growth and Income Fund Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 17th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.2%.
Insider Activity
In other news, major shareholder Saba Capital Management, L.P. sold 14,591 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $12.16, for a total value of $177,426.56. Following the completion of the sale, the insider directly owned 1,604,273 shares of the company's stock, valued at $19,507,959.68. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 76,347 shares of company stock valued at $923,828 over the last three months. Corporate insiders own 0.46% of the company's stock.
Institutional Trading of Ellsworth Growth and Income Fund
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Uhlmann Price Securities LLC increased its stake in shares of Ellsworth Growth and Income Fund by 1.5% in the first quarter. Uhlmann Price Securities LLC now owns 68,718 shares of the investment management company's stock worth $766,000 after purchasing an additional 1,000 shares in the last quarter. Sit Investment Associates Inc. increased its stake 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 worth $10,846,000 after purchasing an additional 43,839 shares in the last quarter. Invesco Ltd. increased its stake in shares of Ellsworth Growth and Income Fund by 17.2% in the fourth quarter. Invesco Ltd. now owns 232,215 shares of the investment management company's stock worth $2,701,000 after purchasing an additional 34,026 shares in the last quarter. Saba Capital Management L.P. increased its stake in shares of Ellsworth Growth and Income Fund by 2.8% in 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 purchasing an additional 45,368 shares in the last quarter. Finally, Evolve Private Wealth LLC purchased a new stake in shares of Ellsworth Growth and Income Fund in the fourth quarter worth $811,000. 35.88% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Ellsworth Growth and Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ellsworth Growth and Income Fund wasn't on the list.
While Ellsworth Growth and Income Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link to see MarketBeat's list of ten stocks that are set to soar in 2026, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
