Insider Selling: Bancroft Fund Ltd. (NYSE:BCV) Insider Sells $26,610.00 in Stock

Bancroft Fund Ltd. (NYSE:BCV) insider Mario J. Gabelli sold 1,500 shares of Bancroft Fund stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $17.74, for a total transaction of $26,610.00. Following the completion of the sale, the insider now owns 28,000 shares in the company, valued at approximately $496,720. This trade represents a 5.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bancroft Fund Stock Performance

Shares of NYSE BCV opened at $18.24 on Friday. The firm has a fifty day simple moving average of $17.84 and a two-hundred day simple moving average of $16.77. Bancroft Fund Ltd. has a 12 month low of $14.51 and a 12 month high of $18.64.

Bancroft Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, November 22nd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date is Friday, November 22nd.

Hedge Funds Weigh In On Bancroft Fund

Several large investors have recently made changes to their positions in the business. Blue Bell Private Wealth Management LLC grew its stake in shares of Bancroft Fund by 19.2% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 18,690 shares of the company’s stock worth $293,000 after buying an additional 3,004 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in Bancroft Fund by 424.3% in the third quarter. Wolverine Asset Management LLC now owns 27,478 shares of the company’s stock worth $461,000 after acquiring an additional 22,237 shares in the last quarter. Consolidated Portfolio Review Corp grew its stake in shares of Bancroft Fund by 1.3% in the third quarter. Consolidated Portfolio Review Corp now owns 52,646 shares of the company’s stock worth $883,000 after acquiring an additional 670 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Bancroft Fund by 9.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 64,028 shares of the company’s stock valued at $1,003,000 after acquiring an additional 5,288 shares in the last quarter. Finally, Beckerman Institutional LLC purchased a new position in shares of Bancroft Fund in the 3rd quarter worth about $1,128,000. 22.43% of the stock is currently owned by hedge funds and other institutional investors.

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.