Ellsworth Growth and Income Fund (NYSE:ECF) Trading Up 0.7% Following Dividend Announcement

Shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) rose 0.7% during trading on Friday following a dividend announcement from the company. The company traded as high as $10.08 and last traded at $10.04. Approximately 24,440 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 28,188 shares. The stock had previously closed at $9.97.

The newly announced dividend which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.52 dividend on an annualized basis and a yield of 5.18%.

Ellsworth Growth and Income Fund Stock Performance

The stock’s 50-day moving average is $9.84 and its 200 day moving average is $9.34.

Institutional Investors Weigh In On Ellsworth Growth and Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in shares of Ellsworth Growth and Income Fund in the second quarter worth $122,000. Beckerman Institutional LLC acquired a new stake in Ellsworth Growth and Income Fund during the third quarter valued at $114,000. Wolverine Asset Management LLC grew its position in Ellsworth Growth and Income Fund by 16.4% during the third quarter. Wolverine Asset Management LLC now owns 14,442 shares of the company’s stock valued at $130,000 after buying an additional 2,036 shares during the period. Capstone Investment Advisors LLC acquired a new stake in Ellsworth Growth and Income Fund during the third quarter valued at $256,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in Ellsworth Growth and Income Fund during the third quarter valued at $288,000. Hedge funds and other institutional investors own 35.88% of the company’s stock.

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.