Envestnet Asset Management Inc. Buys 5,196 Shares of Boulder Growth & Income Fund, Inc. (NYSE:BIF)

Envestnet Asset Management Inc. boosted its stake in shares of Boulder Growth & Income Fund, Inc. (NYSE:BIF) by 7.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 78,505 shares of the closed-end fund’s stock after purchasing an additional 5,196 shares during the period. Envestnet Asset Management Inc.’s holdings in Boulder Growth & Income Fund were worth $1,063,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Beach Investment Counsel Inc. PA bought a new stake in Boulder Growth & Income Fund during the second quarter worth approximately $151,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of Boulder Growth & Income Fund by 23.7% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 14,570 shares of the closed-end fund’s stock valued at $197,000 after buying an additional 2,787 shares during the period. Citigroup Inc. boosted its position in shares of Boulder Growth & Income Fund by 7.3% during the first quarter. Citigroup Inc. now owns 34,092 shares of the closed-end fund’s stock valued at $429,000 after buying an additional 2,313 shares during the period. Stifel Financial Corp boosted its position in shares of Boulder Growth & Income Fund by 41.5% during the first quarter. Stifel Financial Corp now owns 43,016 shares of the closed-end fund’s stock valued at $541,000 after buying an additional 12,616 shares during the period. Finally, Twin Focus Capital Partners LLC boosted its position in shares of Boulder Growth & Income Fund by 11.1% during the first quarter. Twin Focus Capital Partners LLC now owns 43,487 shares of the closed-end fund’s stock valued at $547,000 after buying an additional 4,328 shares during the period. 12.91% of the stock is currently owned by institutional investors.

Shares of NYSE:BIF opened at $13.43 on Friday. Boulder Growth & Income Fund, Inc. has a 1 year low of $9.41 and a 1 year high of $14.10. The business has a 50 day simple moving average of $13.72 and a two-hundred day simple moving average of $13.40.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 29th. Shareholders of record on Friday, October 22nd will be given a dividend of $0.102 per share. The ex-dividend date is Thursday, October 21st. This represents a $0.41 annualized dividend and a dividend yield of 3.04%.

Boulder Growth & Income Fund Company Profile

Boulder Growth & Income Fund, Inc operates as a non-diversified, closed-end management company. It primarily invests in domestic common stocks, warrants, corporate bonds, the United States treasury bills and repurchase agreements. The firm seeks to produce both income and long-term capital appreciation by investing in a portfolio of equity and debt securities.

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Want to see what other hedge funds are holding BIF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boulder Growth & Income Fund, Inc. (NYSE:BIF).

Institutional Ownership by Quarter for Boulder Growth & Income Fund (NYSE:BIF)

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