Stifel Financial Corp Takes Position in Bancroft Fund Ltd. (NYSE:BCV)

Stifel Financial Corp purchased a new position in Bancroft Fund Ltd. (NYSE:BCV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,717 shares of the company’s stock, valued at approximately $208,000.

Several other institutional investors also recently bought and sold shares of BCV. Mezzasalma Advisors LLC purchased a new position in Bancroft Fund during the 4th quarter worth $723,000. Raymond James Financial Inc. acquired a new stake in Bancroft Fund during the 4th quarter worth about $222,000. Blue Bell Private Wealth Management LLC lifted its position in Bancroft Fund by 57.2% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 55,465 shares of the company’s stock worth $982,000 after acquiring an additional 20,177 shares during the period. LPL Financial LLC lifted its holdings in shares of Bancroft Fund by 7.1% in the 4th quarter. LPL Financial LLC now owns 45,168 shares of the company’s stock valued at $800,000 after buying an additional 3,012 shares during the period. Finally, Sit Investment Associates Inc. acquired a new position in Bancroft Fund in the 4th quarter worth about $1,878,000. 22.43% of the stock is currently owned by hedge funds and other institutional investors.

Bancroft Fund Trading Down 1.1%

NYSE:BCV opened at $17.95 on Friday. The stock has a 50 day moving average of $17.09 and a two-hundred day moving average of $17.75. Bancroft Fund Ltd. has a 12 month low of $15.20 and a 12 month high of $18.77.

Bancroft Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, June 13th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 7.13%. The ex-dividend date is Friday, June 13th.

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.