John G Ullman & Associates Inc. Sells 2,431 Shares of Bancroft Fund Ltd. $BCV

John G Ullman & Associates Inc. reduced its holdings in shares of Bancroft Fund Ltd. (NYSE:BCV) by 2.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,913 shares of the company’s stock after selling 2,431 shares during the quarter. John G Ullman & Associates Inc. owned 1.41% of Bancroft Fund worth $1,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sit Investment Associates Inc. lifted its holdings in shares of Bancroft Fund by 166.9% during the first quarter. Sit Investment Associates Inc. now owns 283,072 shares of the company’s stock valued at $4,930,000 after purchasing an additional 177,016 shares in the last quarter. Invesco Ltd. bought a new position in shares of Bancroft Fund during the first quarter valued at $228,000. Blue Bell Private Wealth Management LLC lifted its holdings in shares of 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 valued at $1,079,000 after purchasing an additional 6,478 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Bancroft Fund by 2.0% during the first quarter. Royal Bank of Canada now owns 42,161 shares of the company’s stock valued at $735,000 after purchasing an additional 807 shares in the last quarter. Finally, Beckerman Institutional LLC lifted its holdings in shares of Bancroft Fund by 13.4% during the first quarter. Beckerman Institutional LLC now owns 75,763 shares of the company’s stock valued at $1,319,000 after purchasing an additional 8,954 shares in the last quarter. 22.43% of the stock is owned by institutional investors.

Bancroft Fund Trading Down 1.2%

Bancroft Fund stock opened at $23.32 on Friday. Bancroft Fund Ltd. has a one year low of $15.63 and a one year high of $23.88. The stock has a fifty day moving average of $21.52 and a 200 day moving average of $19.30.

Bancroft Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Tuesday, September 16th were given 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 Company 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.