Bulldog Investors LLP increased its position in Bancroft Fund Ltd. (NYSE:BCV - Free Report) by 75.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,176 shares of the company's stock after acquiring an additional 16,831 shares during the period. Bulldog Investors LLP owned approximately 0.67% of Bancroft Fund worth $694,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its stake in Bancroft Fund by 5.0% during the fourth quarter. Ameriprise Financial Inc. now owns 57,843 shares of the company's stock valued at $1,024,000 after buying an additional 2,744 shares in the last quarter. Stifel Financial Corp acquired a new position in Bancroft Fund in the fourth quarter worth approximately $208,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Bancroft Fund during the 4th quarter valued at $496,000. Guggenheim Capital LLC raised its holdings in Bancroft Fund by 76.9% during the fourth quarter. Guggenheim Capital LLC now owns 57,464 shares of the company's stock valued at $1,018,000 after buying an additional 24,972 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Bancroft Fund in the 4th quarter worth approximately $222,000. Institutional investors and hedge funds own 22.43% of the company's stock.
Bancroft Fund Price Performance
NYSE:BCV traded up $0.24 during mid-day trading on Wednesday, hitting $17.31. 12,399 shares of the company's stock traded hands, compared to its average volume of 19,118. The firm has a 50 day moving average of $17.11 and a two-hundred day moving average of $17.71. Bancroft Fund Ltd. has a 12 month low of $15.20 and a 12 month high of $18.77.
Bancroft Fund Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were given a $0.32 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.28 dividend on an annualized basis and a yield of 7.39%.
About Bancroft Fund
(
Free Report)
Bancroft Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in the public equity markets. It primarily invests in convertible securities including convertible debt and convertible preferred stocks. The fund invests in stocks of companies across market capitalization.
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