Koshinski Asset Management Inc. Sells 2,385 Shares of Bancroft Fund Ltd. $BCV

Koshinski Asset Management Inc. reduced its position in Bancroft Fund Ltd. (NYSE:BCV) by 16.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,335 shares of the company’s stock after selling 2,385 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Bancroft Fund were worth $233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. purchased a new position in Bancroft Fund in the first quarter valued at about $228,000. Royal Bank of Canada grew its stake in Bancroft Fund by 2.0% in the first quarter. Royal Bank of Canada now owns 42,161 shares of the company’s stock valued at $735,000 after purchasing an additional 807 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its stake in Bancroft Fund by 11.7% in the first quarter. Blue Bell Private Wealth Management LLC now owns 61,943 shares of the company’s stock valued at $1,079,000 after purchasing an additional 6,478 shares during the last quarter. Beckerman Institutional LLC grew its stake in Bancroft Fund by 13.4% in the first quarter. Beckerman Institutional LLC now owns 75,763 shares of the company’s stock valued at $1,319,000 after purchasing an additional 8,954 shares during the last quarter. Finally, Sit Investment Associates Inc. grew its stake in Bancroft Fund by 166.9% in the first quarter. Sit Investment Associates Inc. now owns 283,072 shares of the company’s stock valued at $4,930,000 after purchasing an additional 177,016 shares during the last quarter. Hedge funds and other institutional investors own 22.43% of the company’s stock.

Bancroft Fund Trading Up 0.1%

BCV opened at $23.45 on Wednesday. The business’s 50-day moving average is $21.66 and its two-hundred day moving average is $19.39. Bancroft Fund Ltd. has a 1 year low of $15.63 and a 1 year high of $23.88.

Bancroft Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 16th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 5.5%. The ex-dividend date was Tuesday, September 16th.

About Bancroft Fund

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.