Bancroft Fund Ltd. $BCV Shares Purchased by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC increased its stake in shares of Bancroft Fund Ltd. (NYSE:BCV) by 13.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,296 shares of the company’s stock after purchasing an additional 2,649 shares during the quarter. Uhlmann Price Securities LLC’s holdings in Bancroft Fund were worth $421,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Invesco Ltd. acquired a new stake in Bancroft Fund in the first quarter valued at $228,000. Royal Bank of Canada lifted its holdings in Bancroft Fund by 2.0% in the first quarter. Royal Bank of Canada now owns 42,161 shares of the company’s stock valued at $735,000 after acquiring an additional 807 shares during the period. Mezzasalma Advisors LLC lifted its holdings in Bancroft Fund by 1.4% in the second quarter. Mezzasalma Advisors LLC now owns 40,842 shares of the company’s stock valued at $772,000 after acquiring an additional 553 shares during the period. Blue Bell Private Wealth Management LLC lifted its holdings 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 valued at $1,079,000 after acquiring an additional 6,478 shares during the period. Finally, Beckerman Institutional LLC lifted its holdings in Bancroft Fund by 13.4% in the first quarter. Beckerman Institutional LLC now owns 75,763 shares of the company’s stock valued at $1,319,000 after acquiring an additional 8,954 shares during the period. Institutional investors and hedge funds own 22.43% of the company’s stock.

Bancroft Fund Price Performance

Bancroft Fund stock opened at $23.32 on Monday. Bancroft Fund Ltd. has a one year low of $15.63 and a one year high of $23.88. The business has a fifty day moving average of $21.52 and a two-hundred day moving average of $19.31.

Bancroft Fund Dividend Announcement

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

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.