Beckerman Institutional LLC Takes Position in Bancroft Fund Ltd. (NYSE:BCV)

Beckerman Institutional LLC acquired a new stake in Bancroft Fund Ltd. (NYSE:BCV - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 67,260 shares of the company's stock, valued at approximately $1,128,000. Beckerman Institutional LLC owned 1.15% of Bancroft Fund as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC increased its position in shares of Bancroft Fund by 19.2% during the second quarter. Blue Bell Private Wealth Management LLC now owns 18,690 shares of the company's stock valued at $293,000 after buying an additional 3,004 shares during the period. Consolidated Portfolio Review Corp increased its position in shares of Bancroft Fund by 1.3% during the third quarter. Consolidated Portfolio Review Corp now owns 52,646 shares of the company's stock valued at $883,000 after buying an additional 670 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Bancroft Fund by 9.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 64,028 shares of the company's stock valued at $1,003,000 after buying an additional 5,288 shares during the period. Cornerstone Advisors LLC increased its position in shares of Bancroft Fund by 16.2% during the first quarter. Cornerstone Advisors LLC now owns 86,934 shares of the company's stock valued at $1,390,000 after buying an additional 12,131 shares during the period. Finally, Shaker Financial Services LLC increased its position in shares of Bancroft Fund by 23.7% during the third quarter. Shaker Financial Services LLC now owns 83,989 shares of the company's stock valued at $1,408,000 after buying an additional 16,100 shares during the period. 22.43% of the stock is currently owned by institutional investors.

Bancroft Fund Trading Up 1.0 %

Shares of BCV traded up $0.17 during midday trading on Friday, hitting $17.82. 24,123 shares of the company traded hands, compared to its average volume of 15,994. The stock has a 50-day moving average of $16.72 and a 200-day moving average of $16.10. Bancroft Fund Ltd. has a one year low of $14.30 and a one year high of $17.99.

Bancroft Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 16th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 7.18%. The ex-dividend date was Monday, September 16th.

Insider Transactions at Bancroft Fund

In other news, insider Mario J. Gabelli sold 4,000 shares of the business's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $16.38, for a total transaction of $65,520.00. Following the completion of the transaction, the insider now owns 131,000 shares of the company's stock, valued at approximately $2,145,780. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.10% of the stock is owned by insiders.

Bancroft Fund Company Profile

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.