Bancroft Fund Ltd. (NYSE:BCV - Get Free Report)'s share price rose 1.4% during mid-day trading on Tuesday . The company traded as high as $18.64 and last traded at $18.64. Approximately 15,032 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 18,036 shares. The stock had previously closed at $18.39.
Bancroft Fund Stock Performance
The company has a 50-day moving average of $17.63 and a 200 day moving average of $17.80.
Bancroft Fund Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, June 13th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, June 13th. This represents a $1.28 annualized dividend and a yield of 6.85%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of Bancroft Fund in the fourth quarter valued at approximately $222,000. Blue Bell Private Wealth Management LLC increased its stake in shares of Bancroft Fund by 57.2% in the 4th 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 during the last quarter. LPL Financial LLC raised its holdings in shares of Bancroft Fund by 7.1% during 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 period. Sit Investment Associates Inc. acquired a new stake in Bancroft Fund during the fourth quarter worth about $1,878,000. Finally, Guggenheim Capital LLC raised its stake in Bancroft Fund by 76.9% during the fourth quarter. Guggenheim Capital LLC now owns 57,464 shares of the company's stock worth $1,018,000 after purchasing an additional 24,972 shares during the period. 22.43% of the stock is owned by hedge funds and other institutional investors.
About Bancroft Fund
(
Get 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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