Stifel Financial Corp Takes Position in Bancroft Fund Ltd. (NYSE:BCV)

Stifel Financial Corp acquired a new position in Bancroft Fund Ltd. (NYSE:BCV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,717 shares of the company’s stock, valued at approximately $208,000. Stifel Financial Corp owned about 0.20% of Bancroft Fund as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Sit Investment Associates Inc. bought a new stake in shares of Bancroft Fund during the 4th quarter valued at about $1,878,000. Mezzasalma Advisors LLC purchased a new position in shares of Bancroft Fund during the 4th quarter valued at about $723,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Bancroft Fund in the 4th quarter worth approximately $496,000. Guggenheim Capital LLC increased its stake in Bancroft Fund by 76.9% in the 4th quarter. Guggenheim Capital LLC now owns 57,464 shares of the company’s stock worth $1,018,000 after purchasing an additional 24,972 shares during the period. Finally, Blue Bell Private Wealth Management LLC increased its stake in Bancroft Fund by 57.2% in the 4th 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 during the period. Hedge funds and other institutional investors own 22.43% of the company’s stock.

Bancroft Fund Price Performance

BCV opened at $17.95 on Friday. Bancroft Fund Ltd. has a 52-week low of $15.20 and a 52-week high of $18.77. The stock’s 50 day moving average price is $17.09 and its 200-day moving average price is $17.75.

Bancroft Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, June 13th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 7.13%. The ex-dividend date of this dividend is Friday, June 13th.

Bancroft Fund 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.