Shaker Financial Services LLC Acquires New Position in Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF)

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Shaker Financial Services LLC acquired a new stake in Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 41,834 shares of the investment management company’s stock, valued at approximately $483,000. Shaker Financial Services LLC owned 0.32% of Ellsworth Growth and Income Fund at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its stake in Ellsworth Growth and Income Fund by 31.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 171,822 shares of the investment management company’s stock valued at $1,985,000 after acquiring an additional 41,048 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Ellsworth Growth and Income Fund by 3.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,166,980 shares of the investment management company’s stock valued at $13,409,000 after acquiring an additional 35,233 shares in the last quarter. LPL Financial LLC lifted its position in Ellsworth Growth and Income Fund by 40.5% during the third quarter. LPL Financial LLC now owns 72,533 shares of the investment management company’s stock worth $838,000 after acquiring an additional 20,908 shares during the last quarter. Private Advisor Group LLC bought a new position in Ellsworth Growth and Income Fund in the second quarter valued at approximately $31,000. Finally, Aviance Capital Partners LLC lifted its holdings in Ellsworth Growth and Income Fund by 2.1% in the second quarter. Aviance Capital Partners LLC now owns 131,559 shares of the investment management company’s stock valued at $1,512,000 after buying an additional 2,659 shares during the period.

Ellsworth Growth and Income Fund stock opened at $12.70 on Tuesday. Ellsworth Growth and Income Fund Ltd. has a twelve month low of $6.28 and a twelve month high of $13.30.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, November 24th. This represents a $3.76 annualized dividend and a dividend yield of 29.61%. This is a boost from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.13.

Ellsworth Growth and Income Fund 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.

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Institutional Ownership by Quarter for Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF)

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