Wolverine Asset Management LLC Buys Shares of 12,649 Bancroft Fund Ltd. $BCV

Wolverine Asset Management LLC acquired a new stake in Bancroft Fund Ltd. (NYSE:BCV - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 12,649 shares of the company's stock, valued at approximately $239,000. Wolverine Asset Management LLC owned approximately 0.22% of Bancroft Fund as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Invesco Ltd. bought a new stake in shares of Bancroft Fund in the 1st quarter valued at $228,000. Envestnet Asset Management Inc. increased its position in shares of Bancroft Fund by 26.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,773 shares of the company's stock valued at $374,000 after buying an additional 4,164 shares in the last quarter. Uhlmann Price Securities LLC increased its position in shares of Bancroft Fund by 13.5% in the 2nd quarter. Uhlmann Price Securities LLC now owns 22,296 shares of the company's stock valued at $421,000 after buying an additional 2,649 shares in the last quarter. Mezzasalma Advisors LLC increased its position in shares of Bancroft Fund by 1.4% in the 2nd quarter. Mezzasalma Advisors LLC now owns 40,842 shares of the company's stock valued at $772,000 after buying an additional 553 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Bancroft Fund by 2.0% in the 1st quarter. Royal Bank of Canada now owns 42,161 shares of the company's stock valued at $735,000 after buying an additional 807 shares in the last quarter. Institutional investors own 22.43% of the company's stock.

Bancroft Fund Stock Performance

BCV opened at $23.67 on Monday. Bancroft Fund Ltd. has a 12 month low of $15.63 and a 12 month high of $23.88. The company has a fifty day simple moving average of $22.18 and a 200 day simple moving average of $19.83.

Bancroft Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Tuesday, September 16th were given a $0.32 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.4%.

Bancroft Fund Company 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.

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