Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Major Shareholder Acquires $115,839.78 in Stock

Posted by Trevor Kearing on Oct 22nd, 2026

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 9,969 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The shares were purchased at an average price of $11.62 per share, for a total transaction of $115,839.78. Following the completion of the acquisition, the insider directly owned 1,754,599 shares in the company, valued at $20,388,440.38. The trade was a 0.57% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

On Tuesday, October 20th, Saba Capital Management, L.P. acquired 1,830 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average cost of $11.39 per share, for a total transaction of $20,843.70.
On Monday, October 19th, Saba Capital Management, L.P. acquired 17,079 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average cost of $11.47 per share, for a total transaction of $195,896.13.
On Friday, October 16th, Saba Capital Management, L.P. acquired 16,347 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average cost of $11.65 per share, with a total value of $190,442.55.
On Wednesday, October 14th, Saba Capital Management, L.P. acquired 56,083 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average cost 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 shares were acquired at an average price of $12.03 per share, with a total value of $175,638.00.
On Thursday, October 8th, Saba Capital Management, L.P. bought 27,937 shares of Ellsworth Growth and Income Fund stock. The shares were acquired at an average price of $11.95 per share, with a total value of $333,847.15.
On Wednesday, October 7th, Saba Capital Management, L.P. bought 17,548 shares of Ellsworth Growth and Income Fund stock. The shares were acquired 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 acquired 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 stock was acquired 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 stock was acquired at an average price of $12.47 per share, for a total transaction of $14,964.00.

Ellsworth Growth and Income Fund Price Performance

Shares of ECF stock opened at $11.80 on Thursday. Ellsworth Growth and Income Fund Ltd. has a 52-week low of $10.70 and a 52-week high of $13.85. The stock has a 50 day moving average price of $12.21 and a 200 day moving average price of $12.51.

Ellsworth Growth and Income Fund Increases Dividend

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

Institutional Trading of Ellsworth Growth and Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in ECF. Capstone Investment Advisors LLC bought a new position in shares of Ellsworth Growth and Income Fund in the second quarter worth about $1,076,000. Uhlmann Price Securities LLC increased its stake in Ellsworth Growth and Income Fund by 1.5% in the 1st quarter. Uhlmann Price Securities LLC now owns 68,718 shares of the investment management company’s stock worth $766,000 after buying an additional 1,000 shares during the period. Evolve Private Wealth LLC bought a new stake in Ellsworth Growth and Income Fund during the 2nd quarter valued at about $875,000. Royal Bank of Canada lifted its holdings in Ellsworth Growth and Income Fund by 16.8% during the 1st quarter. Royal Bank of Canada now owns 55,309 shares of the investment management company’s stock valued at $617,000 after buying an additional 7,955 shares in the last quarter. Finally, Waverly Advisors LLC lifted its holdings in Ellsworth Growth and Income Fund by 3.2% during the 1st quarter. Waverly Advisors LLC now owns 42,499 shares of the investment management company’s stock valued at $474,000 after buying an additional 1,300 shares in the last quarter. 35.88% of the stock is currently owned by 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.