ECF 10% Owner Saba Capital Management, L.P. Buys $30K of Stock

By TradeTexts Research Desk Oct 27, 2026, 5:01 PM EDT

Key Points

Saba Capital Management, L.P. increased its stake in Ellsworth Growth and Income Fund by 2,618 shares, bringing its total ownership to 1,795,073 shares.
The stock recently traded at $11.69, up about 1.9% since the last closing price of $11.47 on October 26, 2026.
Saba Capital Management also sold 12,425 shares of another fund on the same day, indicating a strategic shift in its portfolio.

Since the trade, $ECF is up 1.9% to date (from the $11.47 close on Oct 26, 2026).

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On October 26, 2026, Saba Capital Management, L.P. bought 2,618 shares of Ellsworth Growth and Income Fund Ltd. (ECF) for about $29,923. The purchase was reported in a Form 4 filing with the SEC. After this transaction, Saba Capital now holds a total of 1,795,073 shares of ECF.

Saba Capital's recent buy reflects a 0.15% increase in its ownership of the fund. The shares were acquired at an average price of $11.43 each, just above the closing price of $11.47 on the same day. This purchase comes as the stock trades recently around $11.69, which is about 1.9% above its event-day closing price.

ECF Ellsworth Growth and Income Fund Ltd.

$11.69 +5.22% year to date

Daily close · Oct 27, 2026

Other Institutional Activity in ECF

Saba Capital Management is not alone in its interest in Ellsworth Growth and Income Fund. Other institutional players like SIT Investment Associates Inc. hold 936,651 shares, having added 3,639 shares recently, while Wells Fargo & Company has 931,846 shares, though it trimmed its position by 15,826 shares. Blue Bell Private Wealth Management, LLC increased its stake by 30,939 shares, now holding 239,144 shares.

Ellsworth Growth and Income Fund Ltd. Stock Up 1.9%

As of October 27, 2026, ECF shares are trading at $11.69, which is about 15.6% below the 52-week high of $13.85. The stock is also below its 50-day and 200-day moving averages by about 3.6% and 5.0%, respectively. This recent buying activity occurs while the stock is above its 52-week low of $10.71.

Recent Earnings

Ellsworth Growth and Income Fund reported trailing twelve-month revenue of approximately $4.79 million and an EPS of $3.11. The fund has a P/E ratio of about 3.76, indicating it is trading at a low valuation relative to its earnings.

Dividend

Ellsworth Growth and Income Fund pays an annual dividend of $0.88 per share, which gives it a dividend yield of 7.67%. The payout ratio stands at 29.5%, suggesting a sustainable dividend policy.

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

Before the recent buy, Saba Capital Management's beneficial owner also conducted several transactions. On October 19, 2026, they bought 33,426 shares, and on October 20, they added another 1,830 shares at $11.39 each. Additionally, they purchased 2,600 shares on October 21 at $11.58 each, showing a consistent interest in increasing their holdings.

About Ellsworth Growth and Income Fund Ltd.

Ellsworth Growth and Income Fund Ltd. is a closed-ended mutual fund focused on investing in convertible securities and public equities across various market capitalizations. Managed by Gabelli Funds, LLC, the fund aims to achieve capital appreciation and income by investing in a diversified portfolio.

Bottom Line

Saba Capital Management's recent purchase of ECF shares highlights its continued investment strategy in the fund. With the stock trading below its moving averages and a solid dividend yield, investors will be watching for any further insider activity and the next earnings announcement.