Aviance Capital Partners LLC Trims Stock Position in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF)

Aviance Capital Partners LLC decreased its position in Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) by 78.5% in the 4th quarter, HoldingsChannel reports. The firm owned 31,304 shares of the company’s stock after selling 114,098 shares during the period. Aviance Capital Partners LLC’s holdings in Ellsworth Growth and Income Fund were worth $253,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ECF. Blue Bell Private Wealth Management LLC boosted its position in shares of Ellsworth Growth and Income Fund by 1,203.8% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 14,029 shares of the company’s stock worth $113,000 after buying an additional 12,953 shares during the period. Cornerstone Advisors LLC raised its holdings in shares of Ellsworth Growth and Income Fund by 18.2% during the third quarter. Cornerstone Advisors LLC now owns 78,635 shares of the company’s stock worth $633,000 after purchasing an additional 12,119 shares during the period. Wolverine Asset Management LLC bought a new position in shares of Ellsworth Growth and Income Fund during the fourth quarter valued at approximately $710,000. Finally, Advisors Asset Management Inc. raised its position in shares of Ellsworth Growth and Income Fund by 54.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 286,184 shares of the company’s stock worth $2,304,000 after purchasing an additional 101,185 shares during the period. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Trading Up 0.5 %

NYSE ECF traded up $0.04 on Tuesday, hitting $7.95. The stock had a trading volume of 35,530 shares, compared to its average volume of 56,376. The firm’s 50-day simple moving average is $7.93. Ellsworth Growth and Income Fund Ltd. has a one year low of $7.02 and a one year high of $8.91.

Ellsworth Growth and Income Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 14th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.54%.

About Ellsworth Growth and Income Fund

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.