Landscape Capital Management L.L.C. Sells 9,966 Shares of Bancroft Fund Ltd. (NYSE:BCV)

Landscape Capital Management L.L.C. cut its holdings in Bancroft Fund Ltd. (NYSE:BCV) by 36.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 17,462 shares of the company’s stock after selling 9,966 shares during the period. Landscape Capital Management L.L.C.’s holdings in Bancroft Fund were worth $309,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mezzasalma Advisors LLC bought a new stake in Bancroft Fund in the fourth quarter worth approximately $723,000. Blue Bell Private Wealth Management LLC grew its position in shares of Bancroft Fund by 57.2% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 55,465 shares of the company’s stock worth $982,000 after buying an additional 20,177 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Bancroft Fund in the 4th quarter valued at $222,000. Finally, LPL Financial LLC increased its stake in shares of Bancroft Fund by 7.1% in the 4th quarter. LPL Financial LLC now owns 45,168 shares of the company’s stock valued at $800,000 after acquiring an additional 3,012 shares in the last quarter. 22.43% of the stock is owned by institutional investors and hedge funds.

Bancroft Fund Stock Performance

NYSE:BCV opened at $15.93 on Tuesday. Bancroft Fund Ltd. has a 12 month low of $14.51 and a 12 month high of $18.77. The firm has a fifty day simple moving average of $18.00 and a two-hundred day simple moving average of $17.77.

Bancroft Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.28 annualized dividend and a dividend yield of 8.04%.

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.