Key Points
- Director Anthonie Vanekris sold 3,309 shares of Ellsworth Growth and Income Fund (NYSEAMERICAN: ECF) on October 16 at an average price of $12.26, totaling about $40,568.34. After the sale, he held 1,000 shares, a 76.79% reduction in ownership.
- The fund recently declared a quarterly dividend of $0.19 per share, payable June 23 to shareholders of record on June 15. That works out to an annualized dividend of $0.76 and a yield of about 5.5%.
- ECF stock was last reported at $13.76, near its 52-week high of $13.79. Institutional ownership remains notable, with hedge funds and other investors holding about 35.88% of the stock.
Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF - Get Free Report) Director Anthonie Vanekris sold 3,309 shares of the firm's stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $12.26, for a total value of $40,568.34. Following the completion of the transaction, the director owned 1,000 shares in the company, valued at approximately $12,260. This trade represents a 76.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Ellsworth Growth and Income Fund Stock Performance
ECF stock opened at $13.76 on Wednesday. Ellsworth Growth and Income Fund Ltd. has a 1 year low of $9.58 and a 1 year high of $13.79. The stock's fifty day moving average price is $12.23 and its 200-day moving average price is $12.01.
Ellsworth Growth and Income Fund Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Monday, June 15th.
Hedge Funds Weigh In On Ellsworth Growth and Income Fund
Institutional investors and hedge funds have recently modified their holdings of the company. Gilpin Wealth Management LLC purchased a new position in shares of Ellsworth Growth and Income Fund in the 4th quarter worth $47,000. Osaic Holdings Inc. boosted its stake in shares of Ellsworth Growth and Income Fund by 11.1% in the 2nd quarter. Osaic Holdings Inc. now owns 15,356 shares of the investment management company's stock worth $157,000 after buying an additional 1,535 shares during the last quarter. PMG Family Office LLC purchased a new position in shares of Ellsworth Growth and Income Fund in the 3rd quarter worth $212,000. LPL Financial LLC boosted its stake in shares of Ellsworth Growth and Income Fund by 27.7% in the 4th quarter. LPL Financial LLC now owns 23,308 shares of the investment management company's stock worth $271,000 after buying an additional 5,051 shares during the last quarter. Finally, K2 Principal Fund L.P. raised its holdings in Ellsworth Growth and Income Fund by 3.5% in the 4th quarter. K2 Principal Fund L.P. now owns 24,619 shares of the investment management company's stock worth $286,000 after purchasing an additional 834 shares during the period. 35.88% of the stock is currently owned by hedge funds and other institutional investors.
About Ellsworth Growth and Income Fund
(
Get Free Report)
Ellsworth Growth and Income Fund (NYSEAMERICAN: ECF) is a closed-end management investment company that seeks to provide investors with a combination of capital appreciation and current income. The fund pursues its objectives by investing primarily in a diversified portfolio of common stocks of U.S. companies that pay dividends and exhibit long-term growth potential. To complement its equity holdings, the fund may also invest in preferred stocks, convertible securities and other income-oriented instruments.
ECF's investment strategy emphasizes a disciplined, research-driven approach.
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