Landscape Capital Management L.L.C. boosted its stake in shares of Bancroft Fund Ltd. (NYSEAMERICAN:BCV) by 45.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,170 shares of the financial services provider’s stock after acquiring an additional 4,412 shares during the period. Landscape Capital Management L.L.C.’s holdings in Bancroft Fund were worth $308,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the business. Oppenheimer & Co. Inc. purchased a new stake in Bancroft Fund during the fourth quarter worth $223,000. Advisors Asset Management Inc. lifted its holdings in shares of Bancroft Fund by 28.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 203,460 shares of the financial services provider’s stock valued at $4,454,000 after purchasing an additional 45,487 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of Bancroft Fund during the 3rd quarter valued at $209,000. Finally, Royal Bank of Canada lifted its holdings in shares of Bancroft Fund by 15.5% during the 2nd quarter. Royal Bank of Canada now owns 14,013 shares of the financial services provider’s stock valued at $303,000 after purchasing an additional 1,881 shares during the last quarter.
Shares of Bancroft Fund Ltd. (NYSEAMERICAN BCV) opened at $22.28 on Monday. Bancroft Fund Ltd. has a twelve month low of $19.66 and a twelve month high of $24.19. The company has a market capitalization of $118.64, a price-to-earnings ratio of 6.33 and a beta of 0.71.
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Bancroft Fund Company Profile
Bancroft Fund Ltd. (the Fund) is a diversified closed-end management investment company. The Fund’s primary investment objective is to provide income and the potential for capital appreciation, which objectives the Fund considers to be relatively equal over the long term due to the nature of the securities in which it invests.
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