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Saba Capital Management buys $374,000 in Ellsworth Growth & Income Fund stock

Published 03/04/2025, 22:40
Saba Capital Management buys $374,000 in Ellsworth Growth & Income Fund stock
ECF
0.36%

Saba Capital Management, led by Boaz Weinstein, recently increased its stake in Ellsworth Growth & Income Fund Ltd (NYSE:ECF) through a series of stock purchases. According to a recent SEC filing, the firm acquired a total of 41,326 shares over two transactions. The purchases occurred on April 1 and April 2, 2025, with the shares bought at a consistent price of $9.05 each, amounting to a total investment of $374,000.

Following these transactions, Saba Capital Management now holds a total of 1,445,313 shares in the fund. This move solidifies the firm’s position as a significant shareholder, reflecting its continued confidence in the fund’s future prospects.

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