Saba Capital Management, L.P. purchased $15K of ECF (indirect holdings)
Saba Capital Management, L.P. purchased 1,200 indirectly-held shares of ELLSWORTH GROWTH & INCOME FUND LTD (ECF) at $12.47 on 2026-08-28.
How this was made
The 30-second read
Why it matters
The purchase is modest and unlikely to affect the fund's valuation or trading activity.
Market read
Limited relevance; primarily of interest to fund shareholders monitoring insider activity.
Timing
filing date 2026-09-01
Background
SEC Form 4 disclosures provide the first public report of insider transactions.
Ticker impact
Form 4 filing shows Saba Capital Management purchased 1,200 shares of Ellisworth Growth & Income Fund Ltd (ECF) for $14,964 on 2026-08-28.
Minimal to no price movement expected.
The transaction size is under $15K and represents a tiny fraction of total holdings; such trades rarely move the market.
Market effects
None significant; the fund is a niche closed‑end fund.
None
None
Key entities
- IssuerEllisworth Growth & Income Fund Ltd
Closed‑end fund listed on NYSE under ticker ECF.
- InsiderSaba Capital Management, L.P.
Investment manager reporting a 10% ownership stake.