SCHEDULE: Wells Fargo Discloses 7.0% Stake in Ellsworth Growth and Income

Wells Fargo & Company has filed an amended Schedule 13G, reporting a 7.0% beneficial ownership stake in Ellsworth Growth and Income.

Summary

• Wells Fargo & Company, a Delaware-organized entity, reported beneficial ownership of 946,404 Common Shares of Beneficial Interest in Ellsworth Growth and Income.
• This ownership represents 7.0% of the class of securities.
• The filing indicates Wells Fargo has sole voting power over 1 share and sole dispositive power over all 946,404 shares.
• The event requiring this filing occurred on December 31, 2025.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• Wells Fargo & Company filed this Schedule 13G on its own behalf and on behalf of its subsidiaries, Wells Fargo Advisors Financial Network, LLC and Wells Fargo Clearing Services, LLC, both registered broker-dealers.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as moderately positive. While a Schedule 13G is a factual disclosure, a significant stake by a reputable institution like Wells Fargo can signal underlying value or stability, potentially attracting other investors.

Positives

• A significant institutional stake (7.0%) by a major financial institution like Wells Fargo can be interpreted as a vote of confidence in Ellsworth Growth and Income's long-term prospects.

Future Outlook

This Schedule 13G filing does not contain forward-looking statements or guidance regarding the issuer's future performance or Wells Fargo's future investment intentions beyond the statement that the securities are held in the ordinary course of business.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures by institutional investors who acquire more than 5% of a company's voting shares but do not intend to influence or control the company. Wells Fargo's filing indicates a passive investment in Ellsworth Growth and Income, aligning with typical asset management activities of large financial institutions.

Comparison to Industry Standards

• This 7.0% stake by Wells Fargo is a substantial passive investment, indicating a notable position within Ellsworth Growth and Income's shareholder base. While specific comparable companies or projects are not detailed in this filing, such an ownership percentage by a major financial institution is generally considered a significant vote of confidence, often exceeding the average institutional holding size for smaller or less liquid funds.

Stakeholder Impact

• Shareholders of Ellsworth Growth and Income may view Wells Fargo's significant stake as a positive indicator of institutional confidence, potentially enhancing the company's market credibility.
• The filing confirms that Wells Fargo's investment is passive, indicating no immediate intent to influence management or corporate strategy, which may reassure existing management and board members.

Key Dates

Keywords

Wells Fargo, Ellsworth Growth and Income, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Shares, SEC Filing