Bancroft Fund Ltd. (NYSEMKT:BCV) Director Kuni Nakamura acquired 1,710 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was acquired at an average price of $22.00 per share, with a total value of $37,620.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Bancroft Fund Ltd. (NYSEMKT:BCV) traded down 0.18% during mid-day trading on Thursday, reaching $22.05. 10,885 shares of the company’s stock traded hands. Bancroft Fund Ltd. has a 12-month low of $19.75 and a 12-month high of $22.54. The firm has a 50-day moving average of $21.75 and a 200 day moving average of $21.59.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 15th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.00 dividend on an annualized basis and a yield of 4.54%.

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A number of large investors have recently modified their holdings of BCV. Advisory Services Network LLC boosted its position in Bancroft Fund by 2.6% during the second quarter. Advisory Services Network LLC now owns 5,978 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 153 shares during the period. Institute for Wealth Management LLC. bought a new position in Bancroft Fund during the second quarter worth about $231,000. Royal Bank of Canada boosted its position in Bancroft Fund by 15.5% during the second quarter. Royal Bank of Canada now owns 14,013 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 1,881 shares during the period. Wells Fargo & Company MN boosted its position in shares of Bancroft Fund by 12.2% in the second quarter. Wells Fargo & Company MN now owns 55,181 shares of the financial services provider’s stock valued at $1,196,000 after acquiring an additional 5,995 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of Bancroft Fund by 19.3% in the second quarter. Advisors Asset Management Inc. now owns 157,973 shares of the financial services provider’s stock valued at $3,415,000 after acquiring an additional 25,517 shares during the period.

Bancroft Fund Company Profile

Bancroft Fund Ltd. (the Fund) is a diversified closed-end management investment company. The Fund’s primary investment objective is to provide income and the potential for capital appreciation, which objectives the Fund considers to be relatively equal over the long term due to the nature of the securities in which it invests.

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