Advisors Asset Management Inc. Increases Stock Holdings in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)

Advisors Asset Management Inc. lifted its position in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 61.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 368,889 shares of the company’s stock after purchasing an additional 140,392 shares during the quarter. Advisors Asset Management Inc. owned about 2.68% of Ellsworth Growth and Income Fund worth $3,575,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ECF. Sanctuary Advisors LLC lifted its position 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 valued at $698,000 after buying an additional 4,715 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in Ellsworth Growth and Income Fund by 8.3% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 138,308 shares of the company’s stock valued at $1,340,000 after buying an additional 10,574 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in Ellsworth Growth and Income Fund in the third quarter valued at about $256,000. Kovitz Investment Group Partners LLC acquired a new position in Ellsworth Growth and Income Fund in the third quarter valued at about $288,000. Finally, Raymond James Financial Inc. acquired a new position in Ellsworth Growth and Income Fund in the fourth quarter valued at about $881,000. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Price Performance

Shares of ECF opened at $9.38 on Friday. Ellsworth Growth and Income Fund Ltd. has a 1 year low of $7.55 and a 1 year high of $10.14. The company’s 50-day simple moving average is $9.75 and its 200-day simple moving average is $9.52.

Ellsworth Growth and Income Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be given a dividend of $0.13 per share. The ex-dividend date is Monday, March 17th. This represents a $0.52 annualized dividend and a dividend yield of 5.54%.

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.