Mezzasalma Advisors LLC Increases Stock Holdings in Bancroft Fund Ltd. $BCV

Mezzasalma Advisors LLC grew its holdings in shares of Bancroft Fund Ltd. (NYSE:BCV) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,842 shares of the company’s stock after purchasing an additional 553 shares during the period. Mezzasalma Advisors LLC owned about 0.70% of Bancroft Fund worth $772,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Invesco Ltd. purchased a new position in Bancroft Fund in the 1st quarter valued at approximately $228,000. Royal Bank of Canada grew its position 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 worth $735,000 after buying an additional 807 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in Bancroft Fund by 11.7% in the first quarter. Blue Bell Private Wealth Management LLC now owns 61,943 shares of the company’s stock worth $1,079,000 after acquiring an additional 6,478 shares during the last quarter. Beckerman Institutional LLC increased its position in shares of Bancroft Fund by 13.4% in the 1st 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 during the last quarter. Finally, Sit Investment Associates Inc. lifted its position in shares of Bancroft Fund by 166.9% during the 1st quarter. Sit Investment Associates Inc. now owns 283,072 shares of the company’s stock worth $4,930,000 after purchasing an additional 177,016 shares during the last quarter. Institutional investors and hedge funds own 22.43% of the company’s stock.

Bancroft Fund Stock Down 1.2%

NYSE:BCV opened at $23.32 on Friday. The stock has a 50-day simple moving average of $21.52 and a 200-day simple moving average of $19.30. Bancroft Fund Ltd. has a 1 year low of $15.63 and a 1 year high of $23.88.

Bancroft Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 16th were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, September 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.5%.

About Bancroft Fund

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.