Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Major Shareholder Saba Capital Management, L.P. Acquires 16,347 Shares of Stock

Posted by Alanna Baker on Oct 21st, 2026

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 16,347 shares of the business’s stock in a transaction dated Friday, October 16th. The stock was bought at an average price of $11.65 per share, with a total value of $190,442.55. Following the acquisition, the insider directly owned 1,770,946 shares in the company, valued at approximately $20,631,520.90. This represents a 0.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

On Monday, October 19th, Saba Capital Management, L.P. acquired 17,079 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average price of $11.47 per share, with a total value of $195,896.13.
On Thursday, October 15th, Saba Capital Management, L.P. acquired 9,969 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average cost of $11.62 per share, for a total transaction of $115,839.78.
On Wednesday, October 14th, Saba Capital Management, L.P. acquired 56,083 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average cost of $11.74 per share, for a total transaction of $658,414.42.
On Monday, October 12th, Saba Capital Management, L.P. bought 14,600 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average price 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 bought at an average price of $11.95 per share, for a total transaction 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 bought at an average cost 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 bought at an average cost of $12.36 per share, with a total value of $84,048.00.
On Thursday, September 3rd, Saba Capital Management, L.P. bought 5,000 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average cost of $12.25 per share, with a total value of $61,250.00.
On Friday, August 28th, Saba Capital Management, L.P. purchased 1,200 shares of Ellsworth Growth and Income Fund stock. The shares were bought 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. purchased 3,900 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average price of $12.49 per share, with a total value of $48,711.00.

Ellsworth Growth and Income Fund Price Performance

Shares of NYSEAMERICAN:ECF opened at $11.46 on Wednesday. The business’s 50 day simple moving average is $12.23 and its 200-day simple moving average is $12.51. Ellsworth Growth and Income Fund Ltd. has a 12 month low of $10.70 and a 12 month high of $13.85.

Ellsworth Growth and Income Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend was Wednesday, September 16th. This is an increase from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.19.

Hedge Funds Weigh In On Ellsworth Growth and Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Capstone Investment Advisors LLC purchased a new stake in Ellsworth Growth and Income Fund during the second quarter worth $1,076,000. Evolve Private Wealth LLC acquired a new stake in Ellsworth Growth and Income Fund in the second quarter valued at $875,000. Readystate Asset Management LP acquired a new stake in Ellsworth Growth and Income Fund in the second quarter valued at $154,000. Ruggaard & Associates LLC acquired a new stake in Ellsworth Growth and Income Fund in the second quarter valued at $248,000. Finally, Beckerman Institutional LLC acquired a new stake in Ellsworth Growth and Income Fund in the second quarter valued at $169,000. 35.88% of the stock is owned by institutional investors and hedge funds.

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.