Landscape Capital Management L.L.C. Has $309,000 Stock Position in Bancroft Fund Ltd. (NYSE:BCV)

Landscape Capital Management L.L.C. lessened its stake in shares of Bancroft Fund Ltd. (NYSE:BCV) by 36.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,462 shares of the company’s stock after selling 9,966 shares during the quarter. Landscape Capital Management L.L.C. owned approximately 0.30% of Bancroft Fund worth $309,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. LPL Financial LLC grew its position in Bancroft Fund by 7.1% during the 4th quarter. LPL Financial LLC now owns 45,168 shares of the company’s stock worth $800,000 after acquiring an additional 3,012 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in shares of Bancroft Fund by 57.2% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 55,465 shares of the company’s stock worth $982,000 after purchasing an additional 20,177 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Bancroft Fund during the fourth quarter worth about $222,000. Finally, Mezzasalma Advisors LLC acquired a new position in shares of Bancroft Fund in the fourth quarter valued at approximately $723,000. 22.43% of the stock is currently owned by institutional investors and hedge funds.

Bancroft Fund Trading Down 2.3 %

NYSE:BCV opened at $15.93 on Tuesday. Bancroft Fund Ltd. has a one year low of $14.51 and a one year high of $18.77. The firm’s 50 day simple moving average is $18.00 and its 200 day simple moving average is $17.77.

Bancroft Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were paid a $0.32 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.28 annualized dividend and a dividend yield of 8.04%.

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.