Bancroft Fund Ltd. Closed-Ended Fund (NYSEAMERICAN:BCV) Share Price Passes Above 50 Day Moving Average of $0.00

Bancroft Fund Ltd. Closed-Ended Fund (NYSEAMERICAN:BCV)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.00 and traded as high as $24.80. Bancroft Fund Ltd. Closed-Ended Fund shares last traded at $24.69, with a volume of 5,951 shares changing hands.

In other Bancroft Fund Ltd. Closed-Ended Fund news, insider Mario J. Gabelli sold 2,867 shares of Bancroft Fund Ltd. Closed-Ended Fund stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $26.20, for a total value of $75,115.40.

A number of hedge funds have recently added to or reduced their stakes in BCV. First Trust Advisors LP purchased a new stake in shares of Bancroft Fund Ltd. Closed-Ended Fund during the 1st quarter valued at about $200,000. Oppenheimer & Co. Inc. purchased a new position in shares of Bancroft Fund Ltd. Closed-Ended Fund during the second quarter valued at approximately $202,000. Shaker Financial Services LLC bought a new position in Bancroft Fund Ltd. Closed-Ended Fund during the third quarter valued at approximately $224,000. Ladenburg Thalmann Financial Services Inc. lifted its position in Bancroft Fund Ltd. Closed-Ended Fund by 3.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,613 shares of the financial services provider’s stock valued at $439,000 after purchasing an additional 620 shares during the period. Finally, Landscape Capital Management L.L.C. boosted its holdings in Bancroft Fund Ltd. Closed-Ended Fund by 30.2% in the second quarter. Landscape Capital Management L.L.C. now owns 22,372 shares of the financial services provider’s stock worth $501,000 after purchasing an additional 5,193 shares during the last quarter.

Bancroft Fund Ltd. Closed-Ended Fund Company Profile (NYSEAMERICAN:BCV)

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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