Anthonie Vanekris Sells 1,150 Shares of Bancroft Fund (NYSEAMERICAN:BCV) Stock

Bancroft Fund Limited (NYSEAMERICAN:BCV) Director Anthonie Vanekris sold 1,150 shares of Bancroft Fund stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $23.53, for a total value of $27,059.50. Following the transaction, the director owned 500 shares in the company, valued at approximately $11,765. This trade represents a 69.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Bancroft Fund Trading Down 0.4%

Shares of BCV stock opened at $26.74 on Thursday. Bancroft Fund Limited has a 1 year low of $18.11 and a 1 year high of $27.33. The business’s fifty day moving average is $24.08 and its 200-day moving average is $23.17.

Bancroft Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 15th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Monday, June 15th.

Hedge Funds Weigh In On Bancroft Fund

A number of hedge funds have recently modified their holdings of BCV. Royal Bank of Canada grew its holdings in shares of Bancroft Fund by 2.0% in the 1st quarter. Royal Bank of Canada now owns 42,161 shares of the financial services provider’s stock worth $735,000 after acquiring an additional 807 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Bancroft Fund by 5.0% during the second quarter. Cetera Investment Advisers now owns 18,946 shares of the financial services provider’s stock valued at $358,000 after buying an additional 900 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Bancroft Fund by 141.4% during the second quarter. Invesco Ltd. now owns 31,618 shares of the financial services provider’s stock valued at $598,000 after buying an additional 18,522 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Bancroft Fund during the second quarter valued at $136,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Bancroft Fund by 32.8% during the second quarter. Ameriprise Financial Inc. now owns 285,799 shares of the financial services provider’s stock valued at $5,403,000 after buying an additional 70,606 shares in the last quarter. 22.43% of the stock is currently owned by institutional investors and hedge funds.

About Bancroft Fund

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.