Blue Bell Private Wealth Management LLC increased its holdings in shares of Bancroft Fund Ltd. (NYSE:BCV - Free Report) by 57.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,465 shares of the company's stock after acquiring an additional 20,177 shares during the quarter. Blue Bell Private Wealth Management LLC owned about 0.94% of Bancroft Fund worth $982,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Shaker Financial Services LLC raised its holdings in Bancroft Fund by 23.7% in the 3rd quarter. Shaker Financial Services LLC now owns 83,989 shares of the company's stock valued at $1,408,000 after acquiring an additional 16,100 shares in the last quarter. Beckerman Institutional LLC bought a new position in shares of Bancroft Fund in the third quarter worth $1,128,000. Wolverine Asset Management LLC raised its stake in Bancroft Fund by 424.3% in the third quarter. Wolverine Asset Management LLC now owns 27,478 shares of the company's stock valued at $461,000 after purchasing an additional 22,237 shares in the last quarter. Mezzasalma Advisors LLC bought a new stake in Bancroft Fund during the fourth quarter worth about $723,000. Finally, Raymond James Financial Inc. bought a new position in Bancroft Fund in the 4th quarter valued at about $222,000. Institutional investors and hedge funds own 22.43% of the company's stock.
Insider Activity
In related news, insider Mario J. Gabelli sold 1,500 shares of the business's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $17.74, for a total transaction of $26,610.00. Following the sale, the insider now owns 28,000 shares in the company, valued at $496,720. The trade was a 5.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.10% of the stock is currently owned by corporate insiders.
Bancroft Fund Stock Performance
Shares of Bancroft Fund stock traded down $0.09 on Tuesday, reaching $17.56. 25,466 shares of the stock were exchanged, compared to its average volume of 18,141. The firm's 50 day moving average is $18.21 and its 200-day moving average is $17.60. Bancroft Fund Ltd. has a one year low of $14.51 and a one year high of $18.77.
Bancroft Fund Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 7.29%. The ex-dividend date is Monday, March 17th.
Bancroft Fund 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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