LPL Financial LLC Raises Position in Bancroft Fund Ltd. (NYSEAMERICAN:BCV)

LPL Financial LLC boosted its position in Bancroft Fund Ltd. (NYSEAMERICAN:BCV – Get Rating) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 192,887 shares of the financial services provider’s stock after purchasing an additional 2,549 shares during the period. LPL Financial LLC owned about 3.27% of Bancroft Fund worth $3,159,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BCV. Shaker Financial Services LLC increased its stake in shares of Bancroft Fund by 50.1% during the 4th quarter. Shaker Financial Services LLC now owns 102,804 shares of the financial services provider’s stock valued at $1,684,000 after acquiring an additional 34,314 shares during the last quarter. UBS Group AG raised its holdings in shares of Bancroft Fund by 88.2% during the 3rd quarter. UBS Group AG now owns 43,565 shares of the financial services provider’s stock valued at $728,000 after buying an additional 20,418 shares during the period. Raymond James & Associates lifted its position in shares of Bancroft Fund by 4.2% during the first quarter. Raymond James & Associates now owns 38,987 shares of the financial services provider’s stock worth $888,000 after purchasing an additional 1,563 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in shares of Bancroft Fund by 4.0% in the fourth quarter. Wolverine Asset Management LLC now owns 38,759 shares of the financial services provider’s stock valued at $635,000 after purchasing an additional 1,502 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in Bancroft Fund by 25.3% during the 1st quarter. NewEdge Advisors LLC now owns 30,200 shares of the financial services provider’s stock valued at $688,000 after purchasing an additional 6,100 shares in the last quarter. Institutional investors and hedge funds own 17.75% of the company’s stock.

Bancroft Fund Price Performance

BCV stock opened at $16.46 on Friday. Bancroft Fund Ltd. has a twelve month low of $16.01 and a twelve month high of $20.98.

Bancroft Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Friday, March 17th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.78%. The ex-dividend date of this dividend was Thursday, March 16th.

Insiders Place Their Bets

In other news, insider Mario J. Gabelli sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, April 14th. The shares were sold at an average price of $16.58, for a total transaction of $198,960.00. Following the sale, the insider now owns 45,000 shares in the company, valued at $746,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.10% of the stock is owned by insiders.

Bancroft Fund Company Profile

(Get Rating)

Bancroft Fund Ltd. (NYSE MKT: BCV) operates as a closed-end, diversified management company and invests primarily in convertible securities with the objectives of providing 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.