Bancroft Fund Ltd. (NYSE:BCV) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. lowered its position in shares of Bancroft Fund Ltd. (NYSE:BCV) by 4.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,656 shares of the company’s stock after selling 3,866 shares during the quarter. John G Ullman & Associates Inc. owned about 1.58% of Bancroft Fund worth $1,554,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wolverine Asset Management LLC lifted its holdings in Bancroft Fund by 424.3% in the third quarter. Wolverine Asset Management LLC now owns 27,478 shares of the company’s stock worth $461,000 after acquiring an additional 22,237 shares during the last quarter. Beckerman Institutional LLC acquired a new position in Bancroft Fund during the 3rd quarter valued at about $1,128,000. Shaker Financial Services LLC grew its position in Bancroft Fund by 23.7% in the 3rd quarter. Shaker Financial Services LLC now owns 83,989 shares of the company’s stock worth $1,408,000 after purchasing an additional 16,100 shares during the last quarter. Consolidated Portfolio Review Corp boosted its position in Bancroft Fund by 1.3% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 52,646 shares of the company’s stock worth $883,000 after acquiring an additional 670 shares during the period. Finally, Cornerstone Advisors LLC increased its holdings in shares of Bancroft Fund by 30.5% during 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. Institutional investors and hedge funds own 22.43% of the company’s stock.

Insider Buying and Selling

In other news, insider Mario J. Gabelli sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $16.38, for a total value of $65,520.00. Following the completion of the sale, the insider now owns 131,000 shares of the company’s stock, valued at $2,145,780. This trade represents a 2.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 4.10% of the stock is currently owned by insiders.

Bancroft Fund Trading Up 1.0 %

NYSE BCV opened at $18.27 on Thursday. Bancroft Fund Ltd. has a 12 month low of $14.51 and a 12 month high of $18.41. The company’s 50 day simple moving average is $17.00 and its 200 day simple moving average is $16.27.

Bancroft Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, November 22nd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 7.01%. The ex-dividend date of this dividend is Friday, November 22nd.

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.