Bancroft Fund (NYSEAMERICAN:BCV) Director Sells $27,059.50 in Stock

Bancroft Fund Limited (NYSEAMERICAN:BCV) Director Anthonie Vanekris sold 1,150 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $23.53, for a total transaction of $27,059.50. Following the completion of the transaction, the director owned 500 shares in the company, valued at approximately $11,765. This represents a 69.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Bancroft Fund Trading Down 1.0%

Bancroft Fund stock opened at $26.46 on Friday. The firm’s 50 day moving average price is $24.16 and its two-hundred day moving average price is $23.20. Bancroft Fund Limited has a twelve month low of $18.11 and a twelve month high of $27.33.

Bancroft Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.3%. The ex-dividend date is Monday, June 15th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Caldwell Trust Co acquired a new position in Bancroft Fund in the 4th quarter valued at approximately $55,000. PNC Financial Services Group Inc. increased its stake in Bancroft Fund by 8.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,660 shares of the financial services provider’s stock valued at $146,000 after buying an additional 500 shares during the period. Raymond James Financial Inc. acquired a new position in Bancroft Fund in the 2nd quarter valued at approximately $136,000. Osaic Holdings Inc. increased its stake in Bancroft Fund by 95.8% in the 2nd quarter. Osaic Holdings Inc. now owns 8,415 shares of the financial services provider’s stock valued at $159,000 after buying an additional 4,118 shares during the period. Finally, First Trust Advisors LP acquired a new position in shares of Bancroft Fund during the 3rd quarter worth $206,000. Institutional investors and hedge funds own 22.43% of the company’s stock.

Bancroft Fund Company Profile

Bancroft Fund, Inc (NYSE American: BCV) is a closed-end management investment company that seeks long-term growth of capital. Shares of the Fund trade on the NYSE American exchange, providing investors with access to a diversified portfolio of U.S. equity securities under a closed-end structure. The Fund’s board of directors oversees a disciplined investment process governed by a stated strategy and risk parameters.

The Fund’s primary investment objective is capital appreciation. To pursue this goal, Bancroft Fund allocates at least 80% of its total assets to equity securities of U.S.