Cambridge Investment Research Advisors Inc. Has $1 Million Stock Holdings in Bancroft Fund Ltd. (NYSE:BCV)

Cambridge Investment Research Advisors Inc. lifted its stake in Bancroft Fund Ltd. (NYSE:BCV) by 9.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,028 shares of the company’s stock after acquiring an additional 5,288 shares during the quarter. Cambridge Investment Research Advisors Inc. owned approximately 1.09% of Bancroft Fund worth $1,003,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Cornerstone Advisors LLC increased its position in shares of Bancroft Fund by 89.1% during the 4th quarter. Cornerstone Advisors LLC now owns 74,803 shares of the company’s stock worth $1,195,000 after purchasing an additional 35,246 shares during the last quarter. Bulldog Investors LLP raised its position in Bancroft Fund by 47.6% during the fourth quarter. Bulldog Investors LLP now owns 22,345 shares of the company’s stock worth $357,000 after acquiring an additional 7,202 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in Bancroft Fund by 9.7% in the first quarter. Blue Bell Private Wealth Management LLC now owns 15,686 shares of the company’s stock valued at $251,000 after acquiring an additional 1,391 shares during the last quarter. Consolidated Portfolio Review Corp grew its position in shares of Bancroft Fund by 102.5% in the 1st quarter. Consolidated Portfolio Review Corp now owns 58,336 shares of the company’s stock valued at $933,000 after acquiring an additional 29,532 shares during the period. Finally, John G Ullman & Associates Inc. increased its stake in shares of Bancroft Fund by 9.0% during the 1st quarter. John G Ullman & Associates Inc. now owns 101,122 shares of the company’s stock worth $1,617,000 after purchasing an additional 8,350 shares during the last quarter. Institutional investors own 22.43% of the company’s stock.

Bancroft Fund Price Performance

Shares of BCV stock opened at $16.24 on Friday. Bancroft Fund Ltd. has a 52-week low of $14.09 and a 52-week high of $16.72. The firm’s 50-day moving average is $16.09 and its 200-day moving average is $15.69.

Bancroft Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 16th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.28 annualized dividend and a yield of 7.88%.

Insider Activity

In related news, insider Mario J. Gabelli sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $16.38, for a total transaction of $65,520.00. Following the transaction, the insider now directly owns 131,000 shares of the company’s stock, valued at approximately $2,145,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.10% 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.