Altfest L J & Co. Inc. Decreases Position in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)

Altfest L J & Co. Inc. trimmed its position in shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 17.2% during the fourth quarter, Holdings Channel reports. The firm owned 11,636 shares of the company’s stock after selling 2,416 shares during the quarter. Altfest L J & Co. Inc.’s holdings in Ellsworth Growth and Income Fund were worth $94,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Comerica Bank acquired a new position in shares of Ellsworth Growth and Income Fund in the third quarter worth $28,000. LPL Financial LLC raised its holdings in shares of Ellsworth Growth and Income Fund by 48.3% in the third quarter. LPL Financial LLC now owns 15,055 shares of the company’s stock worth $121,000 after acquiring an additional 4,906 shares during the last quarter. Mariner LLC acquired a new position in shares of Ellsworth Growth and Income Fund in the third quarter worth $180,000. 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. Finally, Invesco Ltd. raised its holdings in shares of Ellsworth Growth and Income Fund by 11.3% in the third quarter. Invesco Ltd. now owns 177,967 shares of the company’s stock worth $1,433,000 after acquiring an additional 18,128 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 Price Performance

Ellsworth Growth and Income Fund stock opened at $8.12 on Friday. The firm has a fifty day simple moving average of $8.02. Ellsworth Growth and Income Fund Ltd. has a 52 week low of $7.02 and a 52 week high of $8.91.

Ellsworth Growth and Income Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 14th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date of this dividend was Wednesday, March 13th.

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.