Ameriprise Financial Inc. Has $2.94 Million Stock Holdings in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)

Ameriprise Financial Inc. lowered its position in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF - Free Report) by 14.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 303,119 shares of the company's stock after selling 49,734 shares during the quarter. Ameriprise Financial Inc. owned approximately 2.20% of Ellsworth Growth and Income Fund worth $2,937,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Sit Investment Associates Inc. increased its position in 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 during the period. Advisors Asset Management Inc. grew its stake in shares of Ellsworth Growth and Income Fund by 61.4% in the 4th quarter. Advisors Asset Management Inc. now owns 368,889 shares of the company's stock valued at $3,575,000 after purchasing an additional 140,392 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Ellsworth Growth and Income Fund in the fourth quarter valued at approximately $881,000. Blue Bell Private Wealth Management LLC raised its stake in shares of Ellsworth Growth and Income Fund by 8.3% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 138,308 shares of the company's stock worth $1,340,000 after purchasing an additional 10,574 shares during the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of Ellsworth Growth and Income Fund by 5.5% during the fourth quarter. Guggenheim Capital LLC now owns 159,410 shares of the company's stock worth $1,545,000 after purchasing an additional 8,245 shares during the last quarter. 35.88% of the stock is owned by hedge funds and other institutional investors.

Ellsworth Growth and Income Fund Trading Up 0.7%

Shares of Ellsworth Growth and Income Fund stock traded up $0.07 on Thursday, reaching $9.85. 29,792 shares of the stock were exchanged, compared to its average volume of 42,100. Ellsworth Growth and Income Fund Ltd. has a 1-year low of $8.01 and a 1-year high of $10.14. The business has a fifty day moving average price of $9.14 and a two-hundred day moving average price of $9.54.

Ellsworth Growth and Income Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, June 13th will be issued a $0.16 dividend. This is a positive change from Ellsworth Growth and Income Fund's previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 13th. This represents a $0.64 annualized dividend and a yield of 6.50%.

Insider Buying and Selling at Ellsworth Growth and Income Fund

In other Ellsworth Growth and Income Fund news, major shareholder Saba Capital Management, L.P. bought 9,751 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was purchased at an average cost of $9.23 per share, for a total transaction of $90,001.73. Following the completion of the purchase, the insider now owns 1,608,789 shares of the company's stock, valued at $14,849,122.47. This trade represents a 0.61% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders acquired 130,156 shares of company stock worth $1,158,469. 0.55% of the stock is owned by corporate insiders.

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.