Invesco Ltd. Raises Holdings in Ellsworth Growth and Income Fund Ltd. $ECF

Invesco Ltd. raised its holdings in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF - Free Report) by 25.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,838 shares of the company's stock after acquiring an additional 24,994 shares during the period. Invesco Ltd. owned approximately 0.90% of Ellsworth Growth and Income Fund worth $1,115,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Waverly Advisors LLC purchased a new stake in shares of Ellsworth Growth and Income Fund in the 4th quarter valued at about $430,000. Shaker Financial Services LLC raised its holdings in shares of Ellsworth Growth and Income Fund by 33.1% in the 1st quarter. Shaker Financial Services LLC now owns 141,706 shares of the company's stock valued at $1,287,000 after acquiring an additional 35,255 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Ellsworth Growth and Income Fund in the 1st quarter valued at about $427,000. Capstone Investment Advisors LLC raised its holdings in shares of Ellsworth Growth and Income Fund by 179.8% in the 4th quarter. Capstone Investment Advisors LLC now owns 79,774 shares of the company's stock valued at $773,000 after acquiring an additional 51,262 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its holdings in shares of Ellsworth Growth and Income Fund by 9.1% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 150,961 shares of the company's stock valued at $1,371,000 after acquiring an additional 12,653 shares in the last quarter. Hedge funds and other institutional investors own 35.88% of the company's stock.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. acquired 8,031 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average cost of $10.69 per share, for a total transaction of $85,851.39. Following the acquisition, the insider owned 1,635,252 shares of the company's stock, valued at $17,480,843.88. This trade represents a 0.49% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.54% of the company's stock.

Ellsworth Growth and Income Fund Price Performance

Shares of ECF traded up $0.17 during midday trading on Friday, reaching $11.09. The stock had a trading volume of 51,557 shares, compared to its average volume of 38,561. The company's 50-day moving average is $10.62 and its 200 day moving average is $9.84. Ellsworth Growth and Income Fund Ltd. has a 12-month low of $8.15 and a 12-month high of $11.26.

Ellsworth Growth and Income Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 16th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Tuesday, September 16th.

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.