Bancroft Fund Ltd. (NYSE:BCV) Shares Sold by Shaker Financial Services LLC

Shaker Financial Services LLC lowered its stake in shares of Bancroft Fund Ltd. (NYSE:BCV - Free Report) by 22.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,394 shares of the company's stock after selling 18,595 shares during the quarter. Shaker Financial Services LLC owned about 1.11% of Bancroft Fund worth $1,158,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Bancroft Fund in the 4th quarter worth about $222,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Bancroft Fund in the fourth quarter valued at approximately $496,000. Mezzasalma Advisors LLC acquired a new position in Bancroft Fund during the fourth quarter valued at approximately $723,000. LPL Financial LLC lifted its position in Bancroft Fund by 7.1% during the fourth quarter. LPL Financial LLC now owns 45,168 shares of the company's stock valued at $800,000 after buying an additional 3,012 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its stake in Bancroft Fund by 57.2% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 55,465 shares of the company's stock worth $982,000 after buying an additional 20,177 shares during the period. 22.43% of the stock is currently owned by hedge funds and other institutional investors.

Bancroft Fund Stock Performance

Shares of BCV stock traded up $0.26 during mid-day trading on Friday, reaching $16.75. The company's stock had a trading volume of 10,787 shares, compared to its average volume of 19,118. The company's 50 day simple moving average is $17.34 and its 200-day simple moving average is $17.71. Bancroft Fund Ltd. has a 12-month low of $14.91 and a 12-month high of $18.77.

Bancroft Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 7.64%. The ex-dividend date was Monday, March 17th.

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.