Bancroft Fund (NYSEAMERICAN:BCV) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Bancroft Fund Limited (NYSEAMERICAN:BCV)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $22.86 and traded as high as $23.53. Bancroft Fund shares last traded at $23.38, with a volume of 15,015 shares changing hands.

Bancroft Fund Trading Up 1.4%

The company has a fifty day moving average price of $22.86 and a 200 day moving average price of $22.11.

Bancroft Fund Company Profile

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.