Bancroft Fund Ltd. (NYSEAMERICAN:BCV - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.00 and traded as high as $15.64. Bancroft Fund shares last traded at $15.55, with a volume of 13,321 shares traded.
Bancroft Fund Trading Up 0.8 %
Hedge Funds Weigh In On Bancroft Fund
A number of hedge funds and other institutional investors have recently modified their holdings of BCV. Raymond James & Associates lifted its position in Bancroft Fund by 4.2% during the first quarter. Raymond James & Associates now owns 38,987 shares of the financial services provider's stock valued at $888,000 after purchasing an additional 1,563 shares during the last quarter. NewEdge Advisors LLC lifted its position in Bancroft Fund by 25.3% during the first quarter. NewEdge Advisors LLC now owns 30,200 shares of the financial services provider's stock valued at $688,000 after purchasing an additional 6,100 shares during the last quarter. UBS Group AG lifted its position in Bancroft Fund by 375.6% during the first quarter. UBS Group AG now owns 10,473 shares of the financial services provider's stock valued at $239,000 after purchasing an additional 8,271 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in Bancroft Fund during the first quarter valued at $254,000. Finally, LPL Financial LLC lifted its position in Bancroft Fund by 2.4% during the second quarter. LPL Financial LLC now owns 188,931 shares of the financial services provider's stock valued at $3,412,000 after purchasing an additional 4,410 shares during the last quarter. Institutional investors own 18.15% of the company's stock.
Bancroft Fund Company Profile
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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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