Bancroft Fund Ltd. Closed-Ended Fund (NYSEAMERICAN:BCV) Stock Price Crosses Above 50 Day Moving Average of $0.00

Shares of Bancroft Fund Ltd. Closed-Ended Fund (NYSEAMERICAN:BCV) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.00 and traded as high as $24.80. Bancroft Fund Ltd. Closed-Ended Fund shares last traded at $24.69, with a volume of 5,951 shares.

In related news, insider Mario J. Gabelli sold 2,867 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $26.20, for a total value of $75,115.40.

Institutional investors have recently added to or reduced their stakes in the business. First Trust Advisors LP acquired a new position in shares of Bancroft Fund Ltd. Closed-Ended Fund in the 1st quarter valued at $200,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Bancroft Fund Ltd. Closed-Ended Fund during the second quarter worth $202,000. Shaker Financial Services LLC acquired a new stake in shares of Bancroft Fund Ltd. Closed-Ended Fund during the third quarter worth $224,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Bancroft Fund Ltd. Closed-Ended Fund by 3.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,613 shares of the financial services provider’s stock worth $439,000 after purchasing an additional 620 shares during the period. Finally, Landscape Capital Management L.L.C. increased its holdings in Bancroft Fund Ltd. Closed-Ended Fund by 30.2% in the second quarter. Landscape Capital Management L.L.C. now owns 22,372 shares of the financial services provider’s stock valued at $501,000 after purchasing an additional 5,193 shares during the last quarter.

Bancroft Fund Ltd. Closed-Ended Fund Company Profile (NYSEAMERICAN:BCV)

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.

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