Consolidated Portfolio Review Corp Has $883,000 Stake in Bancroft Fund Ltd. (NYSE:BCV)

Consolidated Portfolio Review Corp boosted its stake in shares of Bancroft Fund Ltd. (NYSE:BCV) by 1.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,646 shares of the company’s stock after acquiring an additional 670 shares during the period. Consolidated Portfolio Review Corp owned 0.90% of Bancroft Fund worth $883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC raised its stake 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 purchasing an additional 3,004 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Bancroft Fund by 9.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 64,028 shares of the company’s stock worth $1,003,000 after acquiring an additional 5,288 shares in the last quarter. John G Ullman & Associates Inc. raised its holdings 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 buying an additional 8,350 shares in the last quarter. Cornerstone Advisors LLC lifted its position in shares of Bancroft Fund by 16.2% during the 1st quarter. Cornerstone Advisors LLC now owns 86,934 shares of the company’s stock worth $1,390,000 after buying an additional 12,131 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Bancroft Fund by 84.3% in the first quarter. Advisors Asset Management Inc. now owns 139,259 shares of the company’s stock valued at $2,227,000 after buying an additional 63,711 shares in the last quarter. 22.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Bancroft Fund

In other Bancroft Fund news, insider Mario J. Gabelli sold 4,000 shares of the business’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 sale, the insider now directly owns 131,000 shares of the company’s stock, valued at $2,145,780. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 4.10% of the company’s stock.

Bancroft Fund Stock Up 0.9 %

NYSE BCV traded up $0.15 during trading on Friday, hitting $16.95. 9,628 shares of the company’s stock were exchanged, compared to its average volume of 20,113. The stock’s 50 day moving average price is $16.55 and its two-hundred day moving average price is $15.96. Bancroft Fund Ltd. has a fifty-two week low of $14.09 and a fifty-two week high of $17.42.

Bancroft Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders 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 7.55%.

About Bancroft Fund

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.