Bulldog Investors LLP boosted its stake in Bancroft Fund Ltd. (NYSE:BCV - Free Report) by 75.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,176 shares of the company's stock after purchasing an additional 16,831 shares during the quarter. Bulldog Investors LLP owned about 0.67% of Bancroft Fund worth $694,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mezzasalma Advisors LLC bought a new stake in shares of Bancroft Fund during the fourth quarter valued at approximately $723,000. Raymond James Financial Inc. acquired a new position in shares of Bancroft Fund during the fourth quarter valued at about $222,000. Blue Bell Private Wealth Management LLC increased its position in shares of Bancroft Fund by 57.2% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 55,465 shares of the company's stock worth $982,000 after acquiring an additional 20,177 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Bancroft Fund by 7.1% in the 4th quarter. LPL Financial LLC now owns 45,168 shares of the company's stock worth $800,000 after acquiring an additional 3,012 shares during the last quarter. Finally, Sit Investment Associates Inc. acquired a new position in Bancroft Fund during the 4th quarter valued at about $1,878,000. 22.43% of the stock is owned by institutional investors.
Bancroft Fund Stock Performance
Shares of Bancroft Fund stock traded up $0.09 on Friday, hitting $17.60. The company had a trading volume of 6,208 shares, compared to its average volume of 19,072. Bancroft Fund Ltd. has a 1 year low of $15.20 and a 1 year high of $18.77. The stock has a 50 day moving average of $17.09 and a 200-day moving average of $17.72.
Bancroft Fund Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were paid a $0.32 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.28 annualized dividend and a dividend yield of 7.27%.
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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