Evolve Private Wealth LLC Makes New $875,000 Investment in Ellsworth Growth and Income Fund Ltd. $ECF

Evolve Private Wealth LLC purchased a new stake in Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 66,203 shares of the investment management company’s stock, valued at approximately $875,000. Evolve Private Wealth LLC owned 0.48% of Ellsworth Growth and Income Fund at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ECF. Beckerman Institutional LLC acquired a new stake in shares of Ellsworth Growth and Income Fund in the second quarter worth approximately $169,000. K2 Principal Fund L.P. acquired a new position in Ellsworth Growth and Income Fund during the second quarter worth approximately $325,000. Global Retirement Partners LLC acquired a new position in Ellsworth Growth and Income Fund during the second quarter worth approximately $28,000. Royal Bank of Canada increased its position in Ellsworth Growth and Income Fund by 16.8% during the first quarter. Royal Bank of Canada now owns 55,309 shares of the investment management company’s stock worth $617,000 after purchasing an additional 7,955 shares during the last quarter. Finally, Waverly Advisors LLC raised its stake in Ellsworth Growth and Income Fund by 3.2% during the first quarter. Waverly Advisors LLC now owns 42,499 shares of the investment management company’s stock worth $474,000 after purchasing an additional 1,300 shares during the period. Institutional investors and hedge funds own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Stock Performance

Shares of ECF opened at $12.52 on Monday. Ellsworth Growth and Income Fund Ltd. has a fifty-two week low of $10.70 and a fifty-two week high of $13.85. The company’s fifty day moving average is $12.74 and its two-hundred day moving average is $12.38.

Ellsworth Growth and Income Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be issued a $0.22 dividend. The ex-dividend date is Wednesday, September 16th. This is an increase from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a yield of 7.0%.

About Ellsworth Growth and Income Fund

Ellsworth Growth and Income Fund (NYSEAMERICAN: ECF) is a closed-end management investment company that seeks to provide investors with a combination of capital appreciation and current income. The fund pursues its objectives by investing primarily in a diversified portfolio of common stocks of U.S. companies that pay dividends and exhibit long-term growth potential. To complement its equity holdings, the fund may also invest in preferred stocks, convertible securities and other income-oriented instruments.

ECF’s investment strategy emphasizes a disciplined, research-driven approach.