Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Major Shareholder Buys $333,847.15 in Stock

Posted by Jeff Wilder on Oct 16th, 2026

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 27,937 shares of the stock in a transaction dated Thursday, October 8th. The stock was bought at an average cost of $11.95 per share, with a total value of $333,847.15. Following the completion of the purchase, the insider directly owned 1,673,947 shares in the company, valued at approximately $20,003,666.65. The trade was a 1.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Wednesday, October 14th, Saba Capital Management, L.P. bought 56,083 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average price of $11.74 per share, with a total value of $658,414.42.
On Monday, October 12th, Saba Capital Management, L.P. bought 14,600 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average price of $12.03 per share, with a total value of $175,638.00.
On Wednesday, October 7th, Saba Capital Management, L.P. bought 17,548 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average cost of $11.97 per share, for a total transaction of $210,049.56.
On Friday, September 4th, Saba Capital Management, L.P. bought 6,800 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average cost of $12.36 per share, for a total transaction of $84,048.00.
On Thursday, September 3rd, Saba Capital Management, L.P. purchased 5,000 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average price of $12.25 per share, for a total transaction of $61,250.00.
On Friday, August 28th, Saba Capital Management, L.P. purchased 1,200 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average price of $12.47 per share, for a total transaction of $14,964.00.
On Thursday, August 27th, Saba Capital Management, L.P. purchased 3,900 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average price of $12.49 per share, for a total transaction of $48,711.00.
On Friday, August 21st, Saba Capital Management, L.P. purchased 5,742 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average price of $12.53 per share, with a total value of $71,947.26.
On Thursday, August 20th, Saba Capital Management, L.P. purchased 1,547 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average price of $12.52 per share, with a total value of $19,368.44.

Ellsworth Growth and Income Fund Stock Up 0.7%

NYSEAMERICAN ECF opened at $11.80 on Friday. The company has a fifty day moving average of $12.30 and a two-hundred day moving average of $12.50. Ellsworth Growth and Income Fund Ltd. has a 52 week low of $10.70 and a 52 week high of $13.85.

Ellsworth Growth and Income Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th were paid a $0.22 dividend. This is an increase from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend was Wednesday, September 16th.

Hedge Funds Weigh In On Ellsworth Growth and Income Fund

A number of large investors have recently made changes to their positions in ECF. Readystate Asset Management LP purchased a new stake in Ellsworth Growth and Income Fund in the 2nd quarter worth about $154,000. Ruggaard & Associates LLC purchased a new position in shares of Ellsworth Growth and Income Fund during the second quarter valued at approximately $248,000. Capstone Investment Advisors LLC purchased a new position in shares of Ellsworth Growth and Income Fund during the second quarter valued at approximately $1,076,000. Evolve Private Wealth LLC bought a new position in shares of Ellsworth Growth and Income Fund during the second quarter valued at approximately $875,000. Finally, Beckerman Institutional LLC bought a new position in shares of Ellsworth Growth and Income Fund during the second quarter valued at approximately $169,000. 35.88% of the stock is owned by hedge funds and other institutional investors.

Ellsworth Growth and Income Fund Company Profile

(Get Free Report)

Ellsworth Growth and Income Fund, Inc is a closed-end management investment company listed on the NYSE American under the symbol ECF. The fund seeks to provide investors with current income and long-term capital appreciation through a professionally managed portfolio of securities.

The fund invests primarily in convertible securities, including convertible bonds and preferred stocks, as well as common stocks and other income-producing investments. Convertible securities may provide regular income while also offering the potential to participate in the appreciation of the underlying companies’ common shares.