Raymond James Financial Inc. Takes Position in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)

Raymond James Financial Inc. bought a new position in shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 90,891 shares of the company’s stock, valued at approximately $881,000. Raymond James Financial Inc. owned 0.66% of Ellsworth Growth and Income Fund as of its most recent SEC filing.

Separately, Sanctuary Advisors LLC lifted its stake 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 valued at $698,000 after acquiring an additional 4,715 shares during the period. 35.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ellsworth Growth and Income Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 34,285 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were acquired at an average price of $9.05 per share, with a total value of $310,279.25. Following the purchase, the insider now directly owns 1,438,272 shares of the company’s stock, valued at $13,016,361.60. This trade represents a 2.44 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.55% of the company’s stock.

Ellsworth Growth and Income Fund Trading Down 3.4 %

NYSE:ECF opened at $8.59 on Friday. The company’s fifty day moving average price is $9.61 and its 200-day moving average price is $9.55. Ellsworth Growth and Income Fund Ltd. has a 1-year low of $7.55 and a 1-year high of $10.14.

Ellsworth Growth and Income Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 6.05%. The ex-dividend date of this dividend was Monday, March 17th.

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.