Commonwealth Equity Services LLC Sells 992 Shares of Bancroft Fund Ltd. (NYSE:BCV)

Commonwealth Equity Services LLC lessened its holdings in Bancroft Fund Ltd. (NYSE:BCV) by 5.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,507 shares of the company’s stock after selling 992 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Bancroft Fund were worth $274,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Advisors Asset Management Inc. lifted its position in shares of Bancroft Fund by 84.3% in the first quarter. Advisors Asset Management Inc. now owns 139,259 shares of the company’s stock worth $2,227,000 after purchasing an additional 63,711 shares in the last quarter. John G Ullman & Associates Inc. lifted its position in shares of Bancroft Fund by 9.0% in the first 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 in the last quarter. Cornerstone Advisors LLC lifted its position in shares of Bancroft Fund by 16.2% in the first quarter. Cornerstone Advisors LLC now owns 86,934 shares of the company’s stock worth $1,390,000 after purchasing an additional 12,131 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Bancroft Fund by 9.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 64,028 shares of the company’s stock worth $1,003,000 after purchasing an additional 5,288 shares in the last quarter. Finally, Consolidated Portfolio Review Corp raised its position in Bancroft Fund by 102.5% during the first quarter. Consolidated Portfolio Review Corp now owns 58,336 shares of the company’s stock worth $933,000 after acquiring an additional 29,532 shares in the last quarter. Institutional investors own 22.43% of the company’s stock.

Bancroft Fund Stock Up 0.2 %

NYSE BCV opened at $16.55 on Wednesday. The firm’s fifty day moving average price is $16.23 and its two-hundred day moving average price is $15.77. Bancroft Fund Ltd. has a 1 year low of $14.09 and a 1 year high of $16.69.

Bancroft Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 16th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 7.73%. The ex-dividend date of this dividend was Monday, September 16th.

Insiders Place Their Bets

In other Bancroft Fund news, insider Mario J. Gabelli sold 4,000 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 131,000 shares of the company’s stock, valued at $2,145,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.