Sit Investment Associates Inc. lifted its holdings in Bancroft Fund Ltd. (NYSE:BCV - Free Report) by 166.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 283,072 shares of the company's stock after buying an additional 177,016 shares during the quarter. Sit Investment Associates Inc. owned approximately 4.83% of Bancroft Fund worth $4,930,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. boosted its stake in Bancroft Fund by 5.0% in the fourth 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. LPL Financial LLC lifted 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 purchasing an additional 3,012 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its position in Bancroft Fund by 11.7% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 61,943 shares of the company's stock valued at $1,079,000 after purchasing an additional 6,478 shares during the period. Beckerman Institutional LLC boosted its position in Bancroft Fund by 13.4% during the 1st quarter. Beckerman Institutional LLC now owns 75,763 shares of the company's stock valued at $1,319,000 after purchasing an additional 8,954 shares during the period. Finally, Stifel Financial Corp bought a new position in Bancroft Fund during the 4th quarter worth $208,000. Institutional investors own 22.43% of the company's stock.
Bancroft Fund Price Performance
NYSE BCV traded down $0.24 during trading hours on Wednesday, hitting $20.00. The company had a trading volume of 23,828 shares, compared to its average volume of 19,819. Bancroft Fund Ltd. has a fifty-two week low of $15.63 and a fifty-two week high of $20.34. The business has a fifty day simple moving average of $19.31 and a 200-day simple moving average of $18.21.
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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