Vima LLC Decreases Stock Holdings in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)

Vima LLC reduced its position in shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 14.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,755 shares of the company’s stock after selling 16,790 shares during the period. Ellsworth Growth and Income Fund comprises approximately 1.8% of Vima LLC’s portfolio, making the stock its 22nd largest position. Vima LLC’s holdings in Ellsworth Growth and Income Fund were worth $888,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in Ellsworth Growth and Income Fund in the second quarter valued at $122,000. Cornerstone Advisors LLC lifted its position in Ellsworth Growth and Income Fund by 2.9% in the second quarter. Cornerstone Advisors LLC now owns 346,675 shares of the company’s stock valued at $2,857,000 after acquiring an additional 9,652 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in Ellsworth Growth and Income Fund by 39.7% in the second quarter. Blue Bell Private Wealth Management LLC now owns 65,050 shares of the company’s stock valued at $536,000 after acquiring an additional 18,490 shares during the last quarter. Shaker Financial Services LLC lifted its position in Ellsworth Growth and Income Fund by 14.2% in the second quarter. Shaker Financial Services LLC now owns 111,018 shares of the company’s stock valued at $915,000 after acquiring an additional 13,780 shares during the last quarter. Finally, RPO LLC purchased a new stake in Ellsworth Growth and Income Fund in the first quarter valued at $290,000. 35.88% of the stock is owned by hedge funds and other institutional investors.

Ellsworth Growth and Income Fund Price Performance

ECF traded down $0.02 on Monday, reaching $9.25. The company had a trading volume of 3,680 shares, compared to its average volume of 47,859. Ellsworth Growth and Income Fund Ltd. has a 1 year low of $7.02 and a 1 year high of $9.40. The stock has a 50-day moving average price of $8.92 and a 200-day moving average price of $8.43.

Ellsworth Growth and Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 16th were given a $0.13 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.52 dividend on an annualized basis and a yield of 5.62%.

Insider Activity at Ellsworth Growth and Income Fund

In other news, major shareholder Saba Capital Management, L.P. purchased 3,302 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were acquired at an average cost of $8.93 per share, for a total transaction of $29,486.86. Following the completion of the purchase, the insider now directly owns 1,403,987 shares in the company, valued at $12,537,603.91. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is owned by corporate insiders.

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.