Guggenheim Capital LLC lifted its stake in shares of Bancroft Fund Ltd. (NYSE:BCV - Free Report) by 76.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,464 shares of the company's stock after acquiring an additional 24,972 shares during the period. Guggenheim Capital LLC owned 0.98% of Bancroft Fund worth $1,018,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BCV. Sit Investment Associates Inc. purchased a new position in Bancroft Fund in the 4th quarter valued at about $1,878,000. Blue Bell Private Wealth Management LLC lifted its stake in shares of 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 valued at $982,000 after buying an additional 20,177 shares during the period. LPL Financial LLC boosted 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 worth $800,000 after acquiring an additional 3,012 shares during the last quarter. Mezzasalma Advisors LLC purchased a new stake in Bancroft Fund in the 4th quarter worth approximately $723,000. Finally, Raymond James Financial Inc. acquired a new position in Bancroft Fund in the 4th quarter valued at $222,000. Hedge funds and other institutional investors own 22.43% of the company's stock.
Bancroft Fund Price Performance
Shares of BCV stock traded up $0.26 during mid-day trading on Friday, hitting $16.75. 10,787 shares of the company's stock were exchanged, compared to its average volume of 19,118. Bancroft Fund Ltd. has a fifty-two week low of $14.91 and a fifty-two week high of $18.77. The stock has a 50-day simple moving average of $17.34 and a two-hundred day simple moving average of $17.71.
Bancroft Fund Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 7.64%. The ex-dividend date of this dividend was Monday, March 17th.
About Bancroft Fund
(
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.
See Also
Before you consider Bancroft Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bancroft Fund wasn't on the list.
While Bancroft Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
