Curi RMB Capital LLC Decreases Stock Position in Bancroft Fund Ltd. (NYSE:BCV)

Curi RMB Capital LLC cut its position in Bancroft Fund Ltd. (NYSE:BCV) by 25.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the company’s stock after selling 5,000 shares during the period. Curi RMB Capital LLC owned 0.26% of Bancroft Fund worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BCV. Blue Bell Private Wealth Management LLC lifted its holdings in Bancroft Fund by 19.2% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 18,690 shares of the company’s stock valued at $293,000 after purchasing an additional 3,004 shares in the last quarter. Wolverine Asset Management LLC raised its position in shares of Bancroft Fund by 424.3% in the third quarter. Wolverine Asset Management LLC now owns 27,478 shares of the company’s stock valued at $461,000 after buying an additional 22,237 shares during the last quarter. Consolidated Portfolio Review Corp lifted its stake in shares of Bancroft Fund by 1.3% in the third quarter. Consolidated Portfolio Review Corp now owns 52,646 shares of the company’s stock worth $883,000 after buying an additional 670 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Bancroft Fund by 9.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 64,028 shares of the company’s stock worth $1,003,000 after acquiring an additional 5,288 shares during the last quarter. Finally, Beckerman Institutional LLC purchased a new stake in Bancroft Fund during the 3rd quarter valued at about $1,128,000. 22.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Mario J. Gabelli sold 4,000 shares of Bancroft Fund stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $16.38, for a total transaction of $65,520.00. Following the transaction, the insider now owns 131,000 shares in the company, valued at $2,145,780. The trade was a 2.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.10% of the stock is currently owned by company insiders.

Bancroft Fund Trading Down 1.1 %

BCV stock opened at $17.68 on Friday. The firm has a 50-day moving average of $16.89 and a two-hundred day moving average of $16.20. Bancroft Fund Ltd. has a 12 month low of $14.51 and a 12 month high of $18.41.

Bancroft Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, November 22nd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 7.24%.

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.