Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Major Shareholder Saba Capital Management, L.P. Buys 2,618 Shares of Company Stock

Posted by Jessica Moore on Oct 27th, 2026

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF – Get Free Report) major shareholder Saba Capital Management, L.P. bought 2,618 shares of the stock in a transaction on Monday, October 26th. The stock was acquired at an average cost of $11.43 per share, for a total transaction of $29,923.74. Following the acquisition, the insider directly owned 1,795,073 shares in the company, valued at approximately $20,517,684.39. The trade was a 0.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major 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 Wednesday, October 21st, Saba Capital Management, L.P. purchased 2,600 shares of Ellsworth Growth and Income Fund stock. The shares were acquired at an average price of $11.58 per share, with a total value of $30,108.00.
On Tuesday, October 20th, Saba Capital Management, L.P. acquired 1,830 shares of Ellsworth Growth and Income Fund stock. The stock was acquired at an average cost of $11.39 per share, with a total value of $20,843.70.
On Monday, October 19th, Saba Capital Management, L.P. acquired 17,079 shares of Ellsworth Growth and Income Fund stock. The stock was acquired at an average cost of $11.47 per share, with a total value of $195,896.13.
On Friday, October 16th, Saba Capital Management, L.P. acquired 16,347 shares of Ellsworth Growth and Income Fund stock. The stock was acquired at an average cost of $11.65 per share, with a total value of $190,442.55.
On Thursday, October 15th, Saba Capital Management, L.P. acquired 9,969 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average price of $11.62 per share, for a total transaction of $115,839.78.
On Wednesday, October 14th, Saba Capital Management, L.P. bought 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 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 bought at an average cost 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 shares were bought 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. purchased 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.

Ellsworth Growth and Income Fund Price Performance

Ellsworth Growth and Income Fund stock traded up $0.22 during mid-day trading on Tuesday, reaching $11.69. The company had a trading volume of 5,547 shares, compared to its average volume of 32,650. Ellsworth Growth and Income Fund Ltd. has a 52 week low of $10.70 and a 52 week high of $13.85. The company has a 50 day moving average of $12.13 and a 200-day moving average of $12.30.

Ellsworth Growth and Income Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th were given a dividend of $0.22 per share. 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 dividend yield of 7.5%. The ex-dividend date of this dividend was Wednesday, September 16th.

Institutional Investors Weigh In On Ellsworth Growth and Income Fund

A number of institutional investors have recently added to or reduced their stakes in ECF. Capstone Investment Advisors LLC bought a new position in Ellsworth Growth and Income Fund during the second quarter valued at about $1,076,000. Evolve Private Wealth LLC bought a new stake in shares of Ellsworth Growth and Income Fund in the 2nd quarter worth approximately $875,000. Royal Bank of Canada lifted its position in shares of Ellsworth Growth and Income Fund by 16.8% in the 1st quarter. Royal Bank of Canada now owns 55,309 shares of the investment management company’s stock worth $617,000 after acquiring an additional 7,955 shares during the period. Private Advisor Group LLC grew its holdings in shares of Ellsworth Growth and Income Fund by 7.6% during the 1st quarter. Private Advisor Group LLC now owns 27,015 shares of the investment management company’s stock worth $301,000 after purchasing an additional 1,916 shares in the last quarter. Finally, Waverly Advisors LLC grew its holdings in shares of Ellsworth Growth and Income Fund by 3.2% during the 1st 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 in the last quarter. 35.88% of the stock is owned by institutional investors and hedge funds.

About Ellsworth Growth and Income Fund

(Get Free Report)

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

ECF invests primarily in convertible securities, including convertible bonds and convertible preferred stocks, as well as common stocks. Convertible securities may offer income while also providing the potential to participate in the equity appreciation of the underlying companies.