GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Bancroft Fund Ltd. (NYSE:BCV - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 28,000 shares of the company's stock, valued at approximately $496,000. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 0.48% of Bancroft Fund at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Sit Investment Associates Inc. acquired a new stake in Bancroft Fund during the fourth quarter worth approximately $1,878,000. Blue Bell Private Wealth Management LLC raised its stake in 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in Bancroft Fund in the fourth quarter valued at $222,000. Mezzasalma Advisors LLC acquired a new position in Bancroft Fund in the fourth quarter valued at $723,000. Finally, Guggenheim Capital LLC boosted its stake in Bancroft Fund by 76.9% in the fourth quarter. Guggenheim Capital LLC now owns 57,464 shares of the company's stock valued at $1,018,000 after acquiring an additional 24,972 shares in the last quarter. Institutional investors and hedge funds own 22.43% of the company's stock.
Bancroft Fund Stock Down 1.1 %
Shares of NYSE BCV traded down $0.18 during trading hours on Monday, reaching $15.82. The stock had a trading volume of 7,256 shares, compared to its average volume of 18,947. The firm has a 50-day moving average of $17.56 and a 200-day moving average of $17.74. Bancroft Fund Ltd. has a fifty-two week low of $14.65 and a fifty-two week high of $18.77.
Bancroft Fund Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were given a dividend of $0.32 per share. The ex-dividend date was Monday, March 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 8.09%.
Bancroft Fund Company Profile
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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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