Sit Investment Associates Inc. boosted its position in shares of Bancroft Fund Ltd. (NYSE:BCV - Free Report) by 166.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 283,072 shares of the company's stock after acquiring an additional 177,016 shares during the quarter. Sit Investment Associates Inc. owned 4.83% of Bancroft Fund worth $4,930,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the business. Saba Capital Management L.P. grew its position in shares of Bancroft Fund by 11.6% during the fourth quarter. Saba Capital Management L.P. now owns 282,401 shares of the company's stock worth $5,001,000 after purchasing an additional 29,286 shares in the last quarter. Beckerman Institutional LLC grew its holdings 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 buying an additional 8,954 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its holdings 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 buying an additional 6,478 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of 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 purchasing an additional 2,744 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its stake in shares of Bancroft Fund by 76.9% in the 4th quarter. Guggenheim Capital LLC now owns 57,464 shares of the company's stock valued at $1,018,000 after purchasing an additional 24,972 shares during the last quarter. Hedge funds and other institutional investors own 22.43% of the company's stock.
Bancroft Fund Price Performance
Shares of NYSE:BCV traded down $0.0210 during trading on Tuesday, hitting $20.1790. The company had a trading volume of 14,436 shares, compared to its average volume of 19,740. Bancroft Fund Ltd. has a one year low of $15.63 and a one year high of $20.34. The company has a fifty day simple moving average of $19.25 and a two-hundred day simple moving average of $18.18.
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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