Oak Harbor Wealth Partners LLC Sells 8,223 Shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)

Oak Harbor Wealth Partners LLC reduced its holdings in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 36.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,626 shares of the company’s stock after selling 8,223 shares during the quarter. Oak Harbor Wealth Partners LLC owned about 0.11% of Ellsworth Growth and Income Fund worth $118,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Cornerstone Advisors LLC increased its stake in shares of Ellsworth Growth and Income Fund by 18.2% in the 3rd quarter. Cornerstone Advisors LLC now owns 78,635 shares of the company’s stock valued at $633,000 after acquiring an additional 12,119 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in shares of Ellsworth Growth and Income Fund by 1,203.8% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 14,029 shares of the company’s stock valued at $113,000 after purchasing an additional 12,953 shares during the period. Wells Fargo & Company MN boosted its position in shares of Ellsworth Growth and Income Fund by 8.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,007,180 shares of the company’s stock worth $8,138,000 after purchasing an additional 79,753 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Ellsworth Growth and Income Fund in the 4th quarter valued at about $710,000. Finally, Advisors Asset Management Inc. increased its position in Ellsworth Growth and Income Fund by 54.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 286,184 shares of the company’s stock valued at $2,304,000 after buying an additional 101,185 shares in the last quarter. 35.88% of the stock is owned by institutional investors and hedge funds.

Ellsworth Growth and Income Fund Stock Up 0.6 %

ECF stock traded up $0.05 during trading on Friday, reaching $8.13. 3,326 shares of the stock were exchanged, compared to its average volume of 53,582. Ellsworth Growth and Income Fund Ltd. has a twelve month low of $7.02 and a twelve month high of $8.91. The firm’s 50 day moving average is $7.92 and its 200 day moving average is $7.92.

Ellsworth Growth and Income Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, June 13th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date of this dividend is Thursday, June 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.