Shaker Financial Services LLC reduced its position in Bancroft Fund Ltd. (NYSE:BCV - Free Report) by 22.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,394 shares of the company's stock after selling 18,595 shares during the quarter. Shaker Financial Services LLC owned approximately 1.11% of Bancroft Fund worth $1,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Bancroft Fund in the 4th quarter valued at about $222,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Bancroft Fund in the fourth quarter valued at approximately $496,000. Mezzasalma Advisors LLC purchased a new stake in shares of Bancroft Fund during the 4th quarter valued at approximately $723,000. LPL Financial LLC boosted 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 buying an additional 3,012 shares during the period. Finally, Blue Bell Private Wealth Management LLC grew its stake in Bancroft Fund by 57.2% in the 4th 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 in the last quarter. 22.43% of the stock is currently owned by institutional investors.
Bancroft Fund Stock Performance
NYSE:BCV opened at $16.00 on Monday. Bancroft Fund Ltd. has a 1 year low of $14.65 and a 1 year high of $18.77. The stock's fifty day moving average price is $17.56 and its two-hundred day moving average price is $17.74.
Bancroft Fund Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were issued a dividend of $0.32 per share. The ex-dividend date was Monday, March 17th. This represents a $1.28 dividend on an annualized basis and a yield of 8.00%.
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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