Shaker Financial Services LLC Purchases Shares of 41,834 Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF)

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Shaker Financial Services LLC purchased a new stake in Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 41,834 shares of the investment management company’s stock, valued at approximately $483,000.

Other institutional investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new position in Ellsworth Growth and Income Fund in the 2nd quarter valued at $31,000. Advisor Group Holdings Inc. lifted its position in shares of Ellsworth Growth and Income Fund by 105.0% during the 2nd quarter. Advisor Group Holdings Inc. now owns 4,100 shares of the investment management company’s stock valued at $47,000 after acquiring an additional 2,100 shares during the period. LPL Financial LLC lifted its position in shares of Ellsworth Growth and Income Fund by 40.5% during the 3rd quarter. LPL Financial LLC now owns 72,533 shares of the investment management company’s stock valued at $838,000 after acquiring an additional 20,908 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Ellsworth Growth and Income Fund by 11.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 130,774 shares of the investment management company’s stock valued at $1,503,000 after acquiring an additional 13,718 shares during the period. Finally, Aviance Capital Partners LLC lifted its position in shares of Ellsworth Growth and Income Fund by 2.1% during the 2nd quarter. Aviance Capital Partners LLC now owns 131,559 shares of the investment management company’s stock valued at $1,512,000 after acquiring an additional 2,659 shares during the period.

NYSEAMERICAN:ECF opened at $12.70 on Tuesday. Ellsworth Growth and Income Fund Ltd. has a fifty-two week low of $6.28 and a fifty-two week high of $13.30.

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

About Ellsworth Growth and Income Fund

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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Want to see what other hedge funds are holding ECF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF).

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

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