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

John G Ullman & Associates Inc. lessened its stake in shares of Bancroft Fund Ltd. (NYSE:BCV) by 6.1% in the 4th quarter, Holdings Channel reports. The firm owned 86,982 shares of the company’s stock after selling 5,674 shares during the period. John G Ullman & Associates Inc.’s holdings in Bancroft Fund were worth $1,540,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of BCV. Shaker Financial Services LLC raised its position in shares of Bancroft Fund by 23.7% during 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. Beckerman Institutional LLC acquired a new position in shares of Bancroft Fund during the 3rd quarter worth about $1,128,000. Wolverine Asset Management LLC raised its position in shares of Bancroft Fund by 424.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 27,478 shares of the company’s stock worth $461,000 after purchasing an additional 22,237 shares during the last quarter. Finally, Mezzasalma Advisors LLC acquired a new position in shares of Bancroft Fund during the 4th quarter worth about $723,000. Institutional investors and hedge funds own 22.43% of the company’s stock.

Insider Activity at Bancroft Fund

In other news, insider Mario J. Gabelli sold 1,500 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $17.74, for a total value of $26,610.00. Following the completion of the sale, the insider now owns 28,000 shares of the company’s stock, valued at $496,720. This represents a 5.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.10% of the stock is owned by corporate insiders.

Bancroft Fund Stock Down 0.2 %

Shares of NYSE BCV opened at $18.20 on Friday. Bancroft Fund Ltd. has a 12-month low of $14.51 and a 12-month high of $18.77. The company has a 50-day moving average of $18.23 and a 200 day moving average of $17.51.

Bancroft Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.28 annualized dividend and a yield of 7.03%.

Bancroft Fund 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.