Koshinski Asset Management Inc. holds a $521,000 position in Bancroft Fund Ltd. (NYSEAMERICAN:BCV)
Koshinski Asset Management Inc. increased its holdings of shares of Bancroft Fund Ltd. (NYSEAMERICAN:BCV – Get a rating) by 4.6% in the first quarter, according to its latest filing with the Securities and Exchange Commission. The institutional investor held 22,857 shares of the financial services provider after purchasing an additional 1,007 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Bancroft Fund were worth $521,000 when it last filed with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC increased its holdings of Bancroft Fund by 87.0% during the fourth quarter. LPL Financial LLC now owns 186,300 shares of the financial services provider valued at $4,924,000 after purchasing an additional 86,673 shares in the last quarter. Royal Bank of Canada increased its stake in Bancroft Fund by 4.4% in the third quarter. Royal Bank of Canada now owns 56,635 shares of the financial services provider valued at $1,678,000 after buying an additional 2,385 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings of Bancroft Fund by 18.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 52,845 shares of the financial services provider worth $1,397,000 after acquiring an additional 8,389 shares during the period. Advisor Group Holdings Inc. increased its holdings of Bancroft Fund by 12.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 42,271 shares of the financial services provider valued at $1,118,000 after acquiring an additional 4,714 shares during the period. Finally, Raymond James & Associates increased its position in Bancroft Fund shares by 4.1% in the fourth quarter. Raymond James & Associates now owns 37,424 shares of the financial services provider valued at $989,000 after buying an additional 1,489 shares in the last quarter. Institutional investors hold 20.36% of the company’s shares.
NYSEAMERICAN BCV opened at $18.13 on Friday. Bancroft Fund Ltd. has a 12-month low of $17.05 and a 12-month high of $33.58.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 23. Shareholders of record on Wednesday, June 15 received a dividend of $0.32. This represents an annualized dividend of $1.28 and a yield of 7.06%. The ex-dividend date was Tuesday, June 14.
Bancroft Fund Profile (Get a rating)
Bancroft Fund Ltd. is a closed-end equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds, LLC. The fund invests in public stock markets. It invests primarily in convertible securities, including convertible debt securities and convertible preferred stocks. The fund invests in shares of companies of all market capitalisations.
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