Bancroft Fund Ltd. $BCV Shares Bought by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC increased its stake in shares of Bancroft Fund Ltd. (NYSE:BCV) by 1.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 40,842 shares of the company’s stock after purchasing an additional 553 shares during the period. Mezzasalma Advisors LLC’s holdings in Bancroft Fund were worth $772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of BCV. Sit Investment Associates Inc. raised its holdings in Bancroft Fund by 166.9% during the first quarter. Sit Investment Associates Inc. now owns 283,072 shares of the company’s stock worth $4,930,000 after purchasing an additional 177,016 shares in the last quarter. Invesco Ltd. acquired a new stake in Bancroft Fund in the first quarter valued at $228,000. Beckerman Institutional LLC grew its stake in shares of Bancroft Fund by 13.4% during the 1st quarter. Beckerman Institutional LLC now owns 75,763 shares of the company’s stock worth $1,319,000 after purchasing an additional 8,954 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in Bancroft Fund by 11.7% during the first quarter. Blue Bell Private Wealth Management LLC now owns 61,943 shares of the company’s stock worth $1,079,000 after buying an additional 6,478 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Bancroft Fund by 2.0% in the first quarter. Royal Bank of Canada now owns 42,161 shares of the company’s stock valued at $735,000 after buying an additional 807 shares in the last quarter. Hedge funds and other institutional investors own 22.43% of the company’s stock.

Bancroft Fund Stock Down 1.2%

NYSE BCV opened at $23.32 on Friday. The business has a 50 day moving average price of $21.52 and a 200 day moving average price of $19.30. Bancroft Fund Ltd. has a 1-year low of $15.63 and a 1-year high of $23.88.

Bancroft Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 16th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Tuesday, September 16th.

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.