Sit Investment Associates Inc. grew its position in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF - Free Report) by 49.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 475,568 shares of the company's stock after purchasing an additional 157,283 shares during the period. Sit Investment Associates Inc. owned approximately 3.48% of Ellsworth Growth and Income Fund worth $4,318,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Guggenheim Capital LLC lifted its stake in Ellsworth Growth and Income Fund by 5.5% in the 4th quarter. Guggenheim Capital LLC now owns 159,410 shares of the company's stock valued at $1,545,000 after acquiring an additional 8,245 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in shares of Ellsworth Growth and Income Fund by 9.1% in the first quarter. Blue Bell Private Wealth Management LLC now owns 150,961 shares of the company's stock valued at $1,371,000 after purchasing an additional 12,653 shares during the last quarter. K2 Principal Fund L.P. acquired a new position in Ellsworth Growth and Income Fund during the fourth quarter worth $147,000. Invesco Ltd. grew its position in Ellsworth Growth and Income Fund by 25.5% in the first quarter. Invesco Ltd. now owns 122,838 shares of the company's stock valued at $1,115,000 after purchasing an additional 24,994 shares in the last quarter. Finally, Shaker Financial Services LLC grew its position in Ellsworth Growth and Income Fund by 33.1% in the first quarter. Shaker Financial Services LLC now owns 141,706 shares of the company's stock valued at $1,287,000 after purchasing an additional 35,255 shares in the last quarter. 35.88% of the stock is owned by institutional investors and hedge funds.
Ellsworth Growth and Income Fund Trading Down 0.3%
NYSE:ECF traded down $0.03 on Wednesday, hitting $10.66. 24,927 shares of the company's stock were exchanged, compared to its average volume of 38,708. The firm has a 50-day moving average price of $10.38 and a 200-day moving average price of $9.76. Ellsworth Growth and Income Fund Ltd. has a 52 week low of $8.15 and a 52 week high of $10.87.
About Ellsworth Growth and Income Fund
(
Free Report)
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.
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