Bancroft Fund (NYSEAMERICAN:BCV) Director Sells $27,059.50 in Stock

Bancroft Fund Limited (NYSEAMERICAN:BCV) Director Anthonie Vanekris sold 1,150 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 500 shares in the company, valued at approximately $11,765. This represents a 69.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bancroft Fund Stock Up 0.9%

BCV traded up $0.24 during trading hours on Tuesday, hitting $26.84. The company’s stock had a trading volume of 28,715 shares, compared to its average volume of 15,679. Bancroft Fund Limited has a fifty-two week low of $18.03 and a fifty-two week high of $27.33. The company has a 50-day simple moving average of $23.87 and a 200 day simple moving average of $23.11.

Bancroft Fund Announces Dividend

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

Institutional Trading of Bancroft Fund

Several large investors have recently added to or reduced their stakes in BCV. Caldwell Trust Co acquired a new stake in Bancroft Fund in the 4th quarter valued at approximately $55,000. Raymond James Financial Inc. acquired a new stake in Bancroft Fund in the 2nd quarter valued at approximately $136,000. PNC Financial Services Group Inc. increased its position in Bancroft Fund by 8.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,660 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 500 shares during the period. Osaic Holdings Inc. increased its position in Bancroft Fund by 95.8% in the 2nd quarter. Osaic Holdings Inc. now owns 8,415 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 4,118 shares during the period. Finally, First Trust Advisors LP acquired a new stake in Bancroft Fund in the 3rd quarter valued at approximately $206,000. 22.43% of the stock is currently owned by institutional investors and hedge funds.

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.