John G Ullman & Associates Inc. Has $1.48 Million Holdings in Bancroft Fund Ltd. (NYSE:BCV)

John G Ullman & Associates Inc. grew its position in Bancroft Fund Ltd. (NYSE:BCV - Free Report) by 409.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,772 shares of the company's stock after purchasing an additional 74,558 shares during the quarter. John G Ullman & Associates Inc. owned approximately 1.59% of Bancroft Fund worth $1,482,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BCV. Cornerstone Advisors LLC raised its position in shares of Bancroft Fund by 127.7% in the third quarter. Cornerstone Advisors LLC now owns 39,557 shares of the company's stock valued at $624,000 after purchasing an additional 22,186 shares during the period. AQR Arbitrage LLC increased its position in Bancroft Fund by 3.4% during the third quarter. AQR Arbitrage LLC now owns 23,148 shares of the company's stock worth $365,000 after acquiring an additional 760 shares during the period. Ameriprise Financial Inc. increased its position in Bancroft Fund by 162.6% during the third quarter. Ameriprise Financial Inc. now owns 199,869 shares of the company's stock worth $3,144,000 after acquiring an additional 123,767 shares during the period. Blue Bell Private Wealth Management LLC increased its position in Bancroft Fund by 23.2% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 14,295 shares of the company's stock worth $228,000 after acquiring an additional 2,696 shares during the period. Finally, Koshinski Asset Management Inc. increased its position in Bancroft Fund by 71.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 34,211 shares of the company's stock worth $547,000 after acquiring an additional 14,306 shares during the period. Institutional investors own 22.43% of the company's stock.

Bancroft Fund Trading Down 0.5 %

BCV stock traded down $0.07 on Friday, reaching $14.67. 18,247 shares of the company were exchanged, compared to its average volume of 20,362. Bancroft Fund Ltd. has a 12 month low of $14.09 and a 12 month high of $18.11. The company has a fifty day simple moving average of $15.51.

Bancroft Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 14th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 8.73%. The ex-dividend date of this dividend was Wednesday, March 13th.

Insider Buying and Selling at Bancroft Fund

In other Bancroft Fund news, insider Mario J. Gabelli sold 2,000 shares of the business's stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $15.46, for a total value of $30,920.00. Following the sale, the insider now owns 31,000 shares of the company's stock, valued at approximately $479,260. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.10% of the company's stock.

About Bancroft Fund

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.