Guggenheim Capital LLC raised its stake in shares of Bancroft Fund Ltd. (NYSE:BCV - Free Report) by 76.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,464 shares of the company's stock after acquiring an additional 24,972 shares during the quarter. Guggenheim Capital LLC owned approximately 0.98% of Bancroft Fund worth $1,018,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of BCV. Raymond James Financial Inc. purchased a new stake in shares of Bancroft Fund during the 4th quarter valued at $222,000. Sit Investment Associates Inc. purchased a new stake in shares of Bancroft Fund during the 4th quarter valued at $1,878,000. LPL Financial LLC lifted 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 valued at $800,000 after purchasing an additional 3,012 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings 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 valued at $982,000 after purchasing an additional 20,177 shares during the last quarter. Finally, Mezzasalma Advisors LLC purchased a new stake in shares of Bancroft Fund during the 4th quarter valued at $723,000. Institutional investors own 22.43% of the company's stock.
Bancroft Fund Stock Performance
Shares of BCV traded up $0.05 during midday trading on Monday, hitting $16.80. 14,088 shares of the company's stock traded hands, compared to its average volume of 19,087. Bancroft Fund Ltd. has a 1 year low of $14.91 and a 1 year high of $18.77. The firm's fifty day moving average is $17.30 and its 200-day moving average is $17.72.
Bancroft Fund Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.28 annualized dividend and a dividend yield of 7.62%.
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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