Boulder Growth & Income Fund Inc (BIF) Position Lowered by Bank of America Corp DE

Bank of America Corp DE lowered its stake in Boulder Growth & Income Fund Inc (NYSE:BIF) by 35.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 78,428 shares of the closed-end fund’s stock after selling 42,667 shares during the period. Bank of America Corp DE’s holdings in Boulder Growth & Income Fund were worth $818,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Parallel Advisors LLC bought a new position in Boulder Growth & Income Fund in the fourth quarter valued at about $45,000. AdvisorNet Financial Inc boosted its stake in shares of Boulder Growth & Income Fund by 395.5% during the fourth quarter. AdvisorNet Financial Inc now owns 5,019 shares of the closed-end fund’s stock valued at $52,000 after purchasing an additional 4,006 shares in the last quarter. Sandy Spring Bank acquired a new stake in shares of Boulder Growth & Income Fund during the fourth quarter valued at about $165,000. Northern Trust Corp boosted its stake in shares of Boulder Growth & Income Fund by 95.6% during the fourth quarter. Northern Trust Corp now owns 20,469 shares of the closed-end fund’s stock valued at $213,000 after purchasing an additional 10,005 shares in the last quarter. Finally, Stephens Inc. AR acquired a new stake in shares of Boulder Growth & Income Fund during the fourth quarter valued at about $267,000. Institutional investors own 14.37% of the company’s stock.

In other news, major shareholder Lola Brown Trust 1B purchased 2,319,048 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were purchased at an average cost of $10.96 per share, with a total value of $25,416,766.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.16% of the company’s stock.

Shares of BIF stock opened at $10.80 on Thursday. Boulder Growth & Income Fund Inc has a 12 month low of $9.45 and a 12 month high of $11.36.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 23rd will be paid a dividend of $0.102 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Monday, July 22nd.

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Boulder Growth & Income Fund Profile

Boulder Growth & Income Fund, Inc is a closed-ended balanced mutual fund launched and managed by Boulder Investment Advisers, LLC It is co-managed by Stewart West Indies Trading Co Ltd. and Rocky Mountain Advisers, Llc. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified industries.

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Institutional Ownership by Quarter for Boulder Growth & Income Fund (NYSE:BIF)

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