GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Bancroft Fund Ltd. (NYSE:BCV - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 28,000 shares of the company's stock, valued at approximately $496,000. GABELLI & Co INVESTMENT ADVISERS INC. owned 0.48% of Bancroft Fund as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC increased its holdings in Bancroft Fund by 7.1% in the 4th quarter. LPL Financial LLC now owns 45,168 shares of the company's stock worth $800,000 after acquiring an additional 3,012 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Bancroft Fund in the fourth quarter worth $222,000. Blue Bell Private Wealth Management LLC raised its position in shares of Bancroft Fund by 57.2% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 55,465 shares of the company's stock valued at $982,000 after purchasing an additional 20,177 shares during the period. Guggenheim Capital LLC lifted its stake in shares of Bancroft Fund by 76.9% during the 4th quarter. Guggenheim Capital LLC now owns 57,464 shares of the company's stock valued at $1,018,000 after buying an additional 24,972 shares in the last quarter. Finally, Mezzasalma Advisors LLC bought a new position in Bancroft Fund in the 4th quarter worth $723,000. Hedge funds and other institutional investors own 22.43% of the company's stock.
Bancroft Fund Price Performance
NYSE:BCV traded up $0.15 on Friday, reaching $16.00. 32,777 shares of the company's stock traded hands, compared to its average volume of 18,991. The stock has a 50-day simple moving average of $17.56 and a 200-day simple moving average of $17.73. Bancroft Fund Ltd. has a 12 month low of $14.51 and a 12 month high of $18.77.
Bancroft Fund Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.28 dividend on an annualized basis and a yield of 8.00%.
Bancroft Fund Company 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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