Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Major Shareholder Saba Capital Management, L.P. Acquires 56,083 Shares of Stock

Posted by Alanna Baker on Oct 16th, 2026

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 56,083 shares of the company’s stock in a transaction that occurred on Wednesday, October 14th. The stock was purchased at an average price of $11.74 per share, for a total transaction of $658,414.42. Following the purchase, the insider owned 1,744,630 shares of the company’s stock, valued at $20,481,956.20. The trade was a 3.32% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Monday, October 12th, Saba Capital Management, L.P. acquired 14,600 shares of Ellsworth Growth and Income Fund stock. The shares were acquired at an average cost of $12.03 per share, for a total transaction of $175,638.00.
On Thursday, October 8th, Saba Capital Management, L.P. bought 27,937 shares of Ellsworth Growth and Income Fund stock. The shares were acquired at an average price of $11.95 per share, with a total value of $333,847.15.
On Wednesday, October 7th, Saba Capital Management, L.P. bought 17,548 shares of Ellsworth Growth and Income Fund stock. The stock was acquired at an average price of $11.97 per share, with a total value of $210,049.56.
On Friday, September 4th, Saba Capital Management, L.P. bought 6,800 shares of Ellsworth Growth and Income Fund stock. The stock was acquired at an average price of $12.36 per share, with a total value of $84,048.00.
On Thursday, September 3rd, Saba Capital Management, L.P. acquired 5,000 shares of Ellsworth Growth and Income Fund stock. The stock was acquired at an average price of $12.25 per share, with a total value of $61,250.00.
On Friday, August 28th, Saba Capital Management, L.P. acquired 1,200 shares of Ellsworth Growth and Income Fund stock. The stock was acquired at an average price of $12.47 per share, with a total value of $14,964.00.
On Thursday, August 27th, Saba Capital Management, L.P. bought 3,900 shares of Ellsworth Growth and Income Fund stock. The shares were acquired at an average cost of $12.49 per share, for a total transaction of $48,711.00.
On Friday, August 21st, Saba Capital Management, L.P. acquired 5,742 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average price of $12.53 per share, for a total transaction of $71,947.26.
On Thursday, August 20th, Saba Capital Management, L.P. acquired 1,547 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average cost of $12.52 per share, for a total transaction of $19,368.44.

Ellsworth Growth and Income Fund Price Performance

Shares of ECF opened at $11.80 on Friday. The stock’s 50-day simple moving average is $12.30 and its 200 day simple moving average is $12.50. Ellsworth Growth and Income Fund Ltd. has a 52-week low of $10.70 and a 52-week high of $13.85.

Ellsworth Growth and Income Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend was Wednesday, September 16th. This is a positive change from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.19.

Hedge Funds Weigh In On Ellsworth Growth and Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Readystate Asset Management LP bought a new position in Ellsworth Growth and Income Fund in the 2nd quarter worth about $154,000. Ruggaard & Associates LLC purchased a new stake in Ellsworth Growth and Income Fund in the second quarter valued at approximately $248,000. Capstone Investment Advisors LLC purchased a new stake in Ellsworth Growth and Income Fund in the second quarter valued at approximately $1,076,000. Evolve Private Wealth LLC purchased a new stake in shares of Ellsworth Growth and Income Fund during the 2nd quarter valued at $875,000. Finally, Beckerman Institutional LLC purchased a new stake in shares of Ellsworth Growth and Income Fund during the 2nd quarter valued at $169,000. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Ellsworth Growth and Income Fund Company Profile

(Get Free Report)

Ellsworth Growth and Income Fund, Inc is a closed-end management investment company listed on the NYSE American under the symbol ECF. The fund seeks to provide investors with current income and long-term capital appreciation through a professionally managed portfolio of securities.

The fund invests primarily in convertible securities, including convertible bonds and preferred stocks, as well as common stocks and other income-producing investments. Convertible securities may provide regular income while also offering the potential to participate in the appreciation of the underlying companies’ common shares.