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

Raymond James Financial Services Advisors Inc. lessened its holdings in shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 16.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,876 shares of the company’s stock after selling 12,069 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.46% of Ellsworth Growth and Income Fund worth $508,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Comerica Bank bought a new stake in shares of Ellsworth Growth and Income Fund during the third quarter valued at approximately $28,000. Ameriprise Financial Inc. raised its stake in Ellsworth Growth and Income Fund by 1.3% in the third quarter. Ameriprise Financial Inc. now owns 276,003 shares of the company’s stock worth $2,222,000 after buying an additional 3,662 shares in the last quarter. LPL Financial LLC raised its stake in Ellsworth Growth and Income Fund by 48.3% in the third quarter. LPL Financial LLC now owns 15,055 shares of the company’s stock worth $121,000 after buying an additional 4,906 shares in the last quarter. Cornerstone Advisors LLC raised its stake in Ellsworth Growth and Income Fund by 18.2% in the third quarter. Cornerstone Advisors LLC now owns 78,635 shares of the company’s stock worth $633,000 after buying an additional 12,119 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Ellsworth Growth and Income Fund by 11.3% in the third quarter. Invesco Ltd. now owns 177,967 shares of the company’s stock worth $1,433,000 after buying an additional 18,128 shares in the last quarter. Institutional investors own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Stock Down 0.8 %

Shares of NYSE:ECF opened at $7.57 on Friday. Ellsworth Growth and Income Fund Ltd. has a 52 week low of $7.02 and a 52 week high of $8.91. The business has a 50 day simple moving average of $8.01.

Ellsworth Growth and Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 14th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 6.87%. The ex-dividend date of this dividend was Wednesday, March 13th.

Ellsworth Growth and Income Fund 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.