Mezzasalma Advisors LLC bought a new position in Bancroft Fund Ltd. (NYSE:BCV - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 40,806 shares of the company's stock, valued at approximately $723,000. Mezzasalma Advisors LLC owned about 0.69% of Bancroft Fund as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beckerman Institutional LLC purchased a new position in Bancroft Fund during the third quarter valued at $1,128,000. Wolverine Asset Management LLC lifted its position in Bancroft Fund by 424.3% during the third quarter. Wolverine Asset Management LLC now owns 27,478 shares of the company's stock valued at $461,000 after buying an additional 22,237 shares during the period. Shaker Financial Services LLC lifted its position in 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. Finally, Consolidated Portfolio Review Corp lifted its position in 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. Hedge funds and other institutional investors own 22.43% of the company's stock.
Insider Activity
In other news, insider Mario J. Gabelli sold 1,500 shares of the firm'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 completion of the transaction, the insider now directly owns 28,000 shares in the company, valued at $496,720. This trade represents a 5.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.10% of the company's stock.
Bancroft Fund Price Performance
Shares of NYSE:BCV traded down $0.11 on Wednesday, hitting $18.35. 21,400 shares of the company traded hands, compared to its average volume of 15,796. Bancroft Fund Ltd. has a 52 week low of $14.51 and a 52 week high of $18.68. The stock has a 50 day simple moving average of $18.15 and a 200-day simple moving average of $17.31.
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.
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