Bancroft Fund Ltd. (BCV) Insider Mario J. Gabelli Sells 1,000 Shares

Bancroft Fund Ltd. (NYSEAMERICAN:BCV) insider Mario J. Gabelli sold 1,000 shares of Bancroft Fund stock in a transaction on Friday, January 5th. The stock was sold at an average price of $22.10, for a total transaction of $22,100.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Bancroft Fund Ltd. (NYSEAMERICAN BCV) traded down $0.02 during mid-day trading on Tuesday, hitting $22.10. 10,400 shares of the stock traded hands, compared to its average volume of 7,140. The firm has a market cap of $116.13, a PE ratio of 6.28 and a beta of 0.70. Bancroft Fund Ltd. has a 1 year low of $20.56 and a 1 year high of $22.77.

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Tuesday, November 28th were given a dividend of $0.41 per share. This is a boost from Bancroft Fund’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, November 27th. This represents a $1.64 annualized dividend and a dividend yield of 7.42%. Bancroft Fund’s payout ratio is presently 32.95%.

Several hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its position in shares of Bancroft Fund by 28.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 203,460 shares of the financial services provider’s stock valued at $4,454,000 after acquiring an additional 45,487 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Bancroft Fund during the 3rd quarter valued at about $209,000. Advisory Services Network LLC boosted its position in shares of Bancroft Fund by 2.6% during the 2nd quarter. Advisory Services Network LLC now owns 5,978 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 153 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Bancroft Fund by 15.5% during the 2nd quarter. Royal Bank of Canada now owns 14,013 shares of the financial services provider’s stock valued at $303,000 after acquiring an additional 1,881 shares during the last quarter. Finally, Institute for Wealth Management LLC. acquired a new position in Bancroft Fund in the second quarter valued at about $231,000.

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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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