Bancroft Fund Limited (NYSEAMERICAN:BCV – Get Free Report) announced a quarterly dividend on Wednesday, August 12th. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.41 per share by the financial services provider on Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Wednesday, September 16th. This is a 17.1% increase from Bancroft Fund’s previous quarterly dividend of $0.35.
Bancroft Fund Price Performance
NYSEAMERICAN:BCV opened at $25.61 on Thursday. Bancroft Fund has a fifty-two week low of $19.87 and a fifty-two week high of $27.33. The company has a 50 day simple moving average of $25.00 and a two-hundred day simple moving average of $24.10.
Hedge Funds Weigh In On Bancroft Fund
Hedge funds have recently bought and sold shares of the company. Evolve Private Wealth LLC acquired a new position in Bancroft Fund in the second quarter valued at $524,000. Beckerman Institutional LLC acquired a new stake in shares of Bancroft Fund during the 2nd quarter worth approximately $1,894,000. Allworth Financial LP bought a new stake in shares of Bancroft Fund in the 2nd quarter valued at $26,000. Royal Bank of Canada lifted its position in shares of Bancroft Fund by 2.1% during the 1st quarter. Royal Bank of Canada now owns 36,148 shares of the financial services provider’s stock valued at $779,000 after acquiring an additional 729 shares during the period. Finally, First Trust Advisors LP boosted its stake in Bancroft Fund by 114.4% during the first quarter. First Trust Advisors LP now owns 25,913 shares of the financial services provider’s stock worth $558,000 after acquiring an additional 13,827 shares in the last quarter. Institutional investors own 22.43% of the company’s stock.
About Bancroft Fund
Bancroft Fund, Inc (NYSE American: BCV) is a closed-end management investment company that seeks long-term growth of capital. Shares of the Fund trade on the NYSE American exchange, providing investors with access to a diversified portfolio of U.S. equity securities under a closed-end structure. The Fund’s board of directors oversees a disciplined investment process governed by a stated strategy and risk parameters.
The Fund’s primary investment objective is capital appreciation. To pursue this goal, Bancroft Fund allocates at least 80% of its total assets to equity securities of U.S.
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