Advisors Asset Management Inc. Acquires 107,425 Shares of Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF)

Advisors Asset Management Inc. boosted its position in Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) by 28.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 491,660 shares of the investment management company’s stock after purchasing an additional 107,425 shares during the quarter. Advisors Asset Management Inc. owned about 3.82% of Ellsworth Growth and Income Fund worth $4,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC grew its holdings in Ellsworth Growth and Income Fund by 0.8% in the 2nd quarter. Parallel Advisors LLC now owns 13,520 shares of the investment management company’s stock worth $127,000 after acquiring an additional 101 shares during the last quarter. Institute for Wealth Management LLC. bought a new stake in shares of Ellsworth Growth and Income Fund during the 2nd quarter valued at about $785,000. Aviance Capital Partners LLC boosted its stake in shares of Ellsworth Growth and Income Fund by 19.9% during the 2nd quarter. Aviance Capital Partners LLC now owns 93,414 shares of the investment management company’s stock valued at $856,000 after purchasing an additional 15,481 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Ellsworth Growth and Income Fund by 33.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 123,964 shares of the investment management company’s stock valued at $1,136,000 after purchasing an additional 30,841 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Ellsworth Growth and Income Fund by 9.3% during the 2nd quarter. Wells Fargo & Company MN now owns 305,872 shares of the investment management company’s stock valued at $2,802,000 after purchasing an additional 25,984 shares in the last quarter.

Shares of Ellsworth Growth and Income Fund Ltd. (ECF) traded down $0.11 during trading on Thursday, reaching $9.21. 17,545 shares of the company’s stock traded hands, compared to its average volume of 27,515. Ellsworth Growth and Income Fund Ltd. has a twelve month low of $7.95 and a twelve month high of $9.65.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 14th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.44 annualized dividend and a yield of 4.78%. Ellsworth Growth and Income Fund’s dividend payout ratio (DPR) is -88.00%.

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Ellsworth Growth and Income Fund Company Profile

Ellsworth Growth and Income Fund Ltd. operates as a closed-end, diversified management investment company. The Fund’s investment objective is to provide income and the potential for capital appreciation, which objectives the Fund considers to be relatively equal over the long term due to the nature of the securities in which it invests.

Institutional Ownership by Quarter for Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF)

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