Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Stock price rises above 50-day moving average of $0.00


Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECFGet a rating) the stock price rose above its 50-day moving average during Monday’s session. The stock has a 50-day moving average of $0.00 and is trading as low as $9.04. Shares of the Ellsworth Growth and Income Fund last traded at $8.97, with a volume of 58,311 shares traded in hands.

Ellsworth Growth and Income Fund gains 0.3%

Ellsworth Growth & Income Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 23. Shareholders of record on Wednesday, June 15 received a dividend of $0.13 per share. The ex-dividend date was Tuesday, June 14. This represents a dividend of $0.52 on an annualized basis and a yield of 5.80%.

Insider Trading at Ellsworth Growth and Income Fund

Separately, insider Mario J. Gabelli purchased 190,000 shares of the company in a trade dated Friday, July 1. The stock was purchased at an average price of $10.00 per share, for a total transaction of $1,900,000.00. Following the purchase, the insider now owns 190,000 shares of the company, valued at approximately $1,900,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. In related news, Chairman James Andrew Dinsmore purchased 3,000 shares of Ellsworth Growth and Income Fund in a trade dated Friday, July 1. The shares were acquired at an average cost of $10.00 per share, for a total transaction of $30,000.00. Following the transaction, the president now directly owns 3,000 shares of the company, valued at $30,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at this link. Additionally, insider Mario J. Gabelli purchased 190,000 shares of the company in a trade on Friday, July 1. The shares were purchased at an average cost of $10.00 per share, for a total transaction of $1,900,000.00. Following the purchase, the insider now directly owns 190,000 shares of the company, valued at $1,900,000. Disclosure of this purchase can be found here. Insiders of the company hold 0.54% of the shares of the company.

Ellsworth Growth and Income Fund Institutional Trading

Several institutional investors have recently changed their portfolio of ECFs. Landscape Capital Management LLC bought a new position in Ellsworth Growth and Income Fund in Q4 for a value of approximately $191,000. 6 Meridian bought a new equity position in the Ellsworth Growth and Income Fund in the fourth quarter, valued at around $245,000. Advisor Group Holdings Inc. increased its stake in shares of Ellsworth Growth & Income Fund by 12.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 93,590 shares of the investment management company valued at $1,157,000 after buying an additional 10,334 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Ellsworth Growth and Income Fund by 18.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,490 shares of the investment management company worth $278,000 after acquiring 3,468 additional shares in the last quarter. Finally, Doliver Advisors LP increased its stake in Ellsworth Growth and Income Fund by 9.5% during the fourth quarter. Dliver Advisors LP now owns 12,834 shares of the investment management company worth $141,000 after acquiring 1,113 additional shares in the last quarter. Institutional investors hold 30.02% of the company’s shares.

About Ellsworth Growth & Income Fund

(Get a rating)

Ellsworth Growth and Income Fund Ltd. is a closed-end equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in public stock markets. The fund invests primarily in convertible securities. It invests in shares of companies of all market capitalizations.

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