Wolverine Asset Management LLC Makes New Investment in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)

Wolverine Asset Management LLC bought a new position in shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 87,919 shares of the company’s stock, valued at approximately $710,000.

A number of other institutional investors also recently bought and sold shares of ECF. Advisors Asset Management Inc. boosted its position in Ellsworth Growth and Income Fund by 54.7% during the third quarter. Advisors Asset Management Inc. now owns 286,184 shares of the company’s stock worth $2,304,000 after purchasing an additional 101,185 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in shares of Ellsworth Growth and Income Fund by 1,203.8% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 14,029 shares of the company’s stock worth $113,000 after acquiring an additional 12,953 shares during the last quarter. Finally, Cornerstone Advisors LLC raised its holdings in shares of Ellsworth Growth and Income Fund by 18.2% in the third quarter. Cornerstone Advisors LLC now owns 78,635 shares of the company’s stock worth $633,000 after acquiring an additional 12,119 shares during the last quarter. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Ellsworth Growth and Income Fund Stock Up 0.6 %

NYSE ECF opened at $7.74 on Friday. Ellsworth Growth and Income Fund Ltd. has a fifty-two week low of $7.02 and a fifty-two week high of $8.91. The business has a fifty day moving average of $7.97.

Ellsworth Growth and Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 14th were issued a $0.13 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.72%.

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.