Saba Capital Management, L.P. purchased $145K of ECF (indirect holdings)
Saba Capital Management, L.P. purchased 11,800 indirectly-held shares of ELLSWORTH GROWTH & INCOME FUND LTD (ECF) at an average of $12.31 ($12.25–$12.36, $0.15M total) across 2 trades over 2026-09-03 to 2026-09-04.
How this was made
The 30-second read
Why it matters
The purchase adds a small amount to the insider's holdings and does not suggest a significant change in outlook for the fund.
Market read
Routine insider transaction with limited trading relevance.
Timing
filing date 2026-09-08
Background
Form 4 filing discloses an insider purchase by Saba Capital Management in Ellsworth Growth & Income Fund Ltd.
Ticker impact
Saba Capital Management purchased 11,800 shares of ECF for $145,298, increasing its stake to 1,628,462 shares.
minimal impact, price likely unchanged
The transaction size is modest relative to the fund's total shares and typical trading volume.
Key entities
- InvestorSaba Capital Management, L.P.
Insider reporting a purchase of ECF shares.
- FundEllsworth Growth & Income Fund Ltd
Issuer of the shares purchased.