Bancroft Fund Ltd. (NYSE:BCV) Shares Acquired by Shaker Financial Services LLC

Shaker Financial Services LLC lifted its holdings in shares of Bancroft Fund Ltd. (NYSE:BCV) by 23.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 83,989 shares of the company’s stock after buying an additional 16,100 shares during the period. Shaker Financial Services LLC owned approximately 1.43% of Bancroft Fund worth $1,408,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Advisors Asset Management Inc. boosted its stake in shares of Bancroft Fund by 84.3% during the first quarter. Advisors Asset Management Inc. now owns 139,259 shares of the company’s stock worth $2,227,000 after buying an additional 63,711 shares during the period. Cornerstone Advisors LLC lifted its position in Bancroft Fund by 30.5% in the second quarter. Cornerstone Advisors LLC now owns 113,423 shares of the company’s stock valued at $1,777,000 after purchasing an additional 26,489 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Bancroft Fund by 9.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 64,028 shares of the company’s stock valued at $1,003,000 after buying an additional 5,288 shares in the last quarter. Consolidated Portfolio Review Corp increased its holdings in Bancroft Fund by 1.3% in 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 in the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its holdings in Bancroft Fund by 19.2% in the second quarter. Blue Bell Private Wealth Management LLC now owns 18,690 shares of the company’s stock valued at $293,000 after buying an additional 3,004 shares in the last quarter. Institutional investors and hedge funds own 22.43% of the company’s stock.

Bancroft Fund Price Performance

Shares of BCV opened at $17.28 on Thursday. The firm has a 50 day simple moving average of $16.67 and a 200-day simple moving average of $16.07. Bancroft Fund Ltd. has a 1-year low of $14.30 and a 1-year high of $17.47.

Bancroft Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 16th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, September 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.41%.

Insider Transactions at Bancroft Fund

In other news, insider Mario J. Gabelli sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $16.38, for a total transaction of $65,520.00. Following the completion of the transaction, the insider now directly owns 131,000 shares of the company’s stock, valued at $2,145,780. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.60% of the company’s stock.

Bancroft Fund Company Profile

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.