Bancroft Fund Ltd. (NYSE:BCV - Get Free Report) traded up 1.4% during mid-day trading on Tuesday . The company traded as high as $18.64 and last traded at $18.64. 15,032 shares traded hands during trading, a decline of 17% from the average session volume of 18,036 shares. The stock had previously closed at $18.39.
Bancroft Fund Price Performance
The firm's 50-day simple moving average is $17.80 and its 200 day simple moving average is $17.81.
Bancroft Fund Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, June 13th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.76%.
Hedge Funds Weigh In On Bancroft Fund
Institutional investors have recently bought and sold shares of the company. Sit Investment Associates Inc. bought a new stake in shares of Bancroft Fund in the fourth quarter valued at $1,878,000. Blue Bell Private Wealth Management LLC grew its stake in shares of Bancroft Fund by 57.2% during 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 period. Raymond James Financial Inc. purchased a new stake in Bancroft Fund in the 4th quarter worth about $222,000. Ameriprise Financial Inc. raised its stake in Bancroft Fund by 5.0% in the 4th quarter. Ameriprise Financial Inc. now owns 57,843 shares of the company's stock valued at $1,024,000 after acquiring an additional 2,744 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Bancroft Fund in the 4th quarter valued at about $496,000. Hedge funds and other institutional investors own 22.43% of the company's stock.
About Bancroft Fund
(
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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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