Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. lessened its position in shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 3.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,702 shares of the company’s stock after selling 2,019 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Ellsworth Growth and Income Fund were worth $490,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ECF. Advisors Asset Management Inc. raised its stake in shares of Ellsworth Growth and Income Fund by 54.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 286,184 shares of the company’s stock worth $2,304,000 after buying an additional 101,185 shares during the last quarter. Mariner LLC acquired a new position in Ellsworth Growth and Income Fund in the 3rd quarter valued at about $180,000. Invesco Ltd. raised its stake in Ellsworth Growth and Income Fund by 11.3% in the 3rd quarter. Invesco Ltd. now owns 177,967 shares of the company’s stock valued at $1,433,000 after purchasing an additional 18,128 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its stake in Ellsworth Growth and Income Fund by 1,203.8% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 14,029 shares of the company’s stock valued at $113,000 after purchasing an additional 12,953 shares during the last quarter. Finally, Cornerstone Advisors LLC raised its stake in Ellsworth Growth and Income Fund by 18.2% in the 3rd quarter. Cornerstone Advisors LLC now owns 78,635 shares of the company’s stock valued at $633,000 after purchasing an additional 12,119 shares during the last quarter. Institutional investors and hedge funds own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Price Performance

Shares of ECF stock opened at $7.57 on Friday. The company has a 50-day moving average price of $8.01. Ellsworth Growth and Income Fund Ltd. has a twelve month low of $7.02 and a twelve month high of $8.91.

Ellsworth Growth and Income Fund Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 6.87%. The ex-dividend date of this dividend was Wednesday, March 13th.

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.