WNY Asset Management LLC Sells 25,886 Shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)

WNY Asset Management LLC reduced its holdings in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF - Free Report) by 16.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,171 shares of the company's stock after selling 25,886 shares during the quarter. WNY Asset Management LLC owned 0.95% of Ellsworth Growth and Income Fund worth $1,261,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ECF. K2 Principal Fund L.P. acquired a new stake in shares of Ellsworth Growth and Income Fund during the fourth quarter valued at approximately $147,000. Waverly Advisors LLC purchased a new position in Ellsworth Growth and Income Fund during the 4th quarter worth approximately $430,000. Sanctuary Advisors LLC grew its position in Ellsworth Growth and Income Fund by 7.3% during the 4th quarter. Sanctuary Advisors LLC now owns 69,370 shares of the company's stock worth $698,000 after purchasing an additional 4,715 shares in the last quarter. Capstone Investment Advisors LLC raised its stake in Ellsworth Growth and Income Fund by 179.8% during the 4th quarter. Capstone Investment Advisors LLC now owns 79,774 shares of the company's stock valued at $773,000 after purchasing an additional 51,262 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Ellsworth Growth and Income Fund in the fourth quarter valued at $881,000. 35.88% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. bought 3,400 shares of the business's stock in a transaction on Monday, April 21st. The stock was purchased at an average price of $8.58 per share, with a total value of $29,172.00. Following the transaction, the insider now directly owns 1,570,253 shares in the company, valued at approximately $13,472,770.74. The trade was a 0.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders acquired 130,156 shares of company stock worth $1,158,469. 0.55% of the stock is currently owned by company insiders.

Ellsworth Growth and Income Fund Stock Performance

Shares of Ellsworth Growth and Income Fund stock traded up $0.07 during midday trading on Thursday, hitting $9.85. The company's stock had a trading volume of 29,792 shares, compared to its average volume of 42,033. Ellsworth Growth and Income Fund Ltd. has a 1-year low of $8.01 and a 1-year high of $10.14. The stock has a 50-day simple moving average of $9.14 and a 200-day simple moving average of $9.54.

Ellsworth Growth and Income Fund Increases Dividend

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

Ellsworth Growth and Income Fund Company Profile

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.