LPL Financial LLC Has $800,000 Position in Bancroft Fund Ltd. (NYSE:BCV)

LPL Financial LLC raised its holdings in Bancroft Fund Ltd. (NYSE:BCV) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,168 shares of the company’s stock after acquiring an additional 3,012 shares during the quarter. LPL Financial LLC’s holdings in Bancroft Fund were worth $800,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC boosted its holdings in Bancroft Fund by 57.2% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 55,465 shares of the company’s stock worth $982,000 after purchasing an additional 20,177 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Bancroft Fund in the fourth quarter worth about $222,000. Finally, Mezzasalma Advisors LLC acquired a new position in shares of Bancroft Fund during the 4th quarter valued at about $723,000. 22.43% of the stock is owned by institutional investors.

Bancroft Fund Stock Down 1.1 %

Shares of Bancroft Fund stock opened at $15.82 on Tuesday. Bancroft Fund Ltd. has a 12-month low of $14.65 and a 12-month high of $18.77. The stock has a 50 day moving average price of $17.51 and a two-hundred day moving average price of $17.74.

Bancroft Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were issued a $0.32 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.28 annualized dividend and a yield of 8.09%.

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.