Bancroft Fund Ltd. (NYSE:BCV) Shares Sold by Curi RMB Capital LLC

Curi RMB Capital LLC decreased its holdings in shares of Bancroft Fund Ltd. (NYSE:BCV) by 25.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,000 shares of the company’s stock after selling 5,000 shares during the quarter. Curi RMB Capital LLC’s holdings in Bancroft Fund were worth $252,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beckerman Institutional LLC purchased a new position in shares of Bancroft Fund during the 3rd quarter worth $1,128,000. Advisors Asset Management Inc. boosted its stake in Bancroft Fund by 84.3% during the first quarter. Advisors Asset Management Inc. now owns 139,259 shares of the company’s stock worth $2,227,000 after buying an additional 63,711 shares during the period. Cornerstone Advisors LLC boosted its stake in Bancroft Fund by 30.5% during the second quarter. Cornerstone Advisors LLC now owns 113,423 shares of the company’s stock worth $1,777,000 after buying an additional 26,489 shares during the period. Wolverine Asset Management LLC increased its position in shares of Bancroft Fund by 424.3% during the third quarter. Wolverine Asset Management LLC now owns 27,478 shares of the company’s stock valued at $461,000 after acquiring an additional 22,237 shares during the last quarter. Finally, Shaker Financial Services LLC raised its stake in shares of Bancroft Fund by 23.7% in the 3rd quarter. Shaker Financial Services LLC now owns 83,989 shares of the company’s stock valued at $1,408,000 after acquiring an additional 16,100 shares during the period. Hedge funds and other institutional investors own 22.43% of the company’s stock.

Insider Activity at Bancroft Fund

In related news, insider Mario J. Gabelli sold 4,000 shares of Bancroft Fund stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $16.38, for a total value of $65,520.00. Following the completion of the transaction, the insider now owns 131,000 shares in the company, valued at approximately $2,145,780. The trade was a 2.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.10% of the company’s stock.

Bancroft Fund Stock Down 1.1 %

NYSE:BCV opened at $17.68 on Friday. Bancroft Fund Ltd. has a fifty-two week low of $14.51 and a fifty-two week high of $18.41. The company has a 50 day moving average price of $16.89 and a 200 day moving average price of $16.20.

Bancroft Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, November 22nd will be paid a $0.32 dividend. The ex-dividend date is Friday, November 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.24%.

Bancroft Fund Company 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.