ECF 10% Owner Saba Capital Management, L.P. Buys $190K of Stock

Ten-percent owner Saba Capital Management, L.P. purchased 16,347 shares of Ellsworth Growth and Income Fund Ltd. on October 16, 2026. According to a Form 4 filed with the SEC, the shares were acquired at a price of $11.65 each, bringing the total value of the transaction to $190,442.55. The stock closed at $11.65 on the day of the trade.

ECF Ellsworth Growth and Income Fund Ltd.

$11.45 ▲ +3.06% year to date

1M 3M YTD

Daily close · Oct 19, 2026

Inside Saba Capital Management's Ellsworth Growth Trade

The transaction boosted the owner's stake by a 0.93% change, adding 16,347 shares to the portfolio. Following this purchase, Saba Capital Management held 1,770,946 shares of the fund. The trade was executed directly, and it follows a series of recent acquisitions by the firm in the closed-end fund.

Other Institutional Activity in Ellsworth Growth and Income Fund Ltd.

Saba Capital Management, L.P. held 1,604,273 shares worth about $18,368,925 with no unit change reported in its filing period. SIT Investment Associates Inc grew its holdings by 3,639 shares, ending with 936,651 shares worth about $10,724,653. Wells Fargo & Company reduced its position by 15,826 shares, finishing with 931,846 shares valued at about $10,669,636. Advisors Asset Management, Inc. lowered its holdings by 2,473 shares to end with 402,884 shares worth about $4,613,021. Blue Bell Private Wealth Management, LLC grew its holdings by 30,939 shares, ending with 239,144 shares worth about $2,738,198.

Ellsworth Growth and Income Fund Ltd. Stock Holds Steady

The stock recently traded around $11.45 as of October 20, 2026, down about 1.7% since the transaction date. The shares sit below both their 50-day moving average of $12.26 and their 200-day moving average of $12.31.

Recent Earnings

The fund posted trailing-twelve-month revenue of $4,794,184 and earnings of $3.11 per share.

Dividend

The fund pays an annual dividend rate of $0.88 per share, giving it a dividend yield of 7.69%.

Insider Buying and Selling at Ellsworth Growth and Income Fund Ltd.

L.P. Saba Capital Management bought 14,600 shares at a price of $12.03 for a total of $175,638 on October 12, 2026. L.P. Saba Capital Management bought 56,083 shares at $11.74 for $658,414 on October 14, 2026. Saba Capital Management, L.P. bought 9,969 shares at $11.62 for $115,839.78 on October 15, 2026. L.P. Saba Capital Management bought 9,969 shares at $11.62 for $115,840.00 on October 15, 2026.

About Ellsworth Growth and Income Fund Ltd.

Ellsworth Growth and Income Fund Ltd. is a closed-ended equity mutual fund managed by Gabelli Funds, LLC. It focuses primarily on convertible securities across various market capitalizations, seeking long-term capital appreciation while providing income to investors. Major transactions by large owners like Saba Capital give market watchers a window into how institutional players manage their closed-end fund holdings.

Bottom Line

Investors will continue monitoring filings from Saba Capital Management to see if the large owner builds further on its position. No timeline was given for future trades, and the fund's next regular financial updates will provide additional context on its portfolio performance.