Private Advisor Group LLC Sells 1,140 Shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)

Private Advisor Group LLC lowered its holdings in shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,831 shares of the company’s stock after selling 1,140 shares during the period. Private Advisor Group LLC owned approximately 0.16% of Ellsworth Growth and Income Fund worth $212,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ECF. Wolverine Asset Management LLC raised its holdings in Ellsworth Growth and Income Fund by 16.4% in the third quarter. Wolverine Asset Management LLC now owns 14,442 shares of the company’s stock worth $130,000 after buying an additional 2,036 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Ellsworth Growth and Income Fund by 7.3% in the fourth quarter. Sanctuary Advisors LLC now owns 69,370 shares of the company’s stock worth $698,000 after buying an additional 4,715 shares during the last quarter. Beckerman Institutional LLC purchased a new position in Ellsworth Growth and Income Fund in the third quarter worth about $114,000. Capstone Investment Advisors LLC purchased a new position in Ellsworth Growth and Income Fund in the third quarter worth about $256,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in Ellsworth Growth and Income Fund in the third quarter worth about $288,000. Institutional investors own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Stock Down 1.4 %

Shares of Ellsworth Growth and Income Fund stock opened at $9.34 on Friday. Ellsworth Growth and Income Fund Ltd. has a 52-week low of $7.55 and a 52-week high of $10.14. The company has a 50-day simple moving average of $9.83 and a two-hundred day simple moving average of $9.47.

Ellsworth Growth and Income Fund Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.52 annualized dividend and a yield of 5.57%.

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.