Cornerstone Advisors LLC Boosts Stock Position in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)

Cornerstone Advisors LLC increased its holdings in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 2.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 346,675 shares of the company’s stock after acquiring an additional 9,652 shares during the period. Cornerstone Advisors LLC’s holdings in Ellsworth Growth and Income Fund were worth $2,857,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Twin Focus Capital Partners LLC acquired a new position in Ellsworth Growth and Income Fund during the fourth quarter worth $150,000. Matisse Capital purchased a new stake in Ellsworth Growth and Income Fund in the 1st quarter valued at approximately $213,000. RPO LLC purchased a new stake in Ellsworth Growth and Income Fund in the 1st quarter valued at approximately $290,000. Blue Bell Private Wealth Management LLC lifted its position in shares of Ellsworth Growth and Income Fund by 39.7% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 65,050 shares of the company’s stock valued at $536,000 after acquiring an additional 18,490 shares during the period. Finally, Bulldog Investors LLP raised its position in shares of Ellsworth Growth and Income Fund by 9.7% during the 4th quarter. Bulldog Investors LLP now owns 76,934 shares of the company’s stock worth $622,000 after purchasing an additional 6,793 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 Performance

Shares of Ellsworth Growth and Income Fund stock opened at $8.79 on Tuesday. Ellsworth Growth and Income Fund Ltd. has a 1 year low of $7.02 and a 1 year high of $8.84. The business has a 50 day moving average price of $8.54 and a 200 day moving average price of $8.21.

Ellsworth Growth and Income Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 16th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.52 annualized dividend and a yield of 5.92%.

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.