Koshinski Asset Management Inc. Makes New Investment in Bancroft Fund Ltd. (NYSEAMERICAN:BCV)

Koshinski Asset Management Inc. acquired a new position in Bancroft Fund Ltd. (NYSEAMERICAN:BCV – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 23,850 shares of the financial services provider’s stock, valued at approximately $391,000. Koshinski Asset Management Inc. owned about 0.41% of Bancroft Fund as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. McIlrath & Eck LLC bought a new stake in shares of Bancroft Fund in the third quarter worth $109,000. UBS Group AG grew its stake in shares of Bancroft Fund by 375.6% in the first quarter. UBS Group AG now owns 10,473 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 8,271 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in Bancroft Fund during the first quarter valued at $254,000. Oak Harbor Wealth Partners LLC boosted its position in Bancroft Fund by 15.2% during the fourth quarter. Oak Harbor Wealth Partners LLC now owns 14,605 shares of the financial services provider’s stock valued at $239,000 after acquiring an additional 1,926 shares during the last quarter. Finally, Round Rock Advisors LLC boosted its position in Bancroft Fund by 11.2% during the fourth quarter. Round Rock Advisors LLC now owns 25,405 shares of the financial services provider’s stock valued at $416,000 after acquiring an additional 2,552 shares during the last quarter. Institutional investors own 17.75% of the company’s stock.

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Bancroft Fund Stock Down 1.0 %

Shares of BCV opened at $16.66 on Thursday. Bancroft Fund Ltd. has a 12 month low of $16.01 and a 12 month high of $22.95.

Bancroft Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, March 17th were given a dividend of $0.32 per share. The ex-dividend date was Thursday, March 16th. This represents a $1.28 dividend on an annualized basis and a yield of 7.68%.

About Bancroft Fund

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Bancroft Fund Ltd. (NYSE MKT: BCV) operates as a closed-end, diversified management company and invests primarily in convertible securities with the objectives of providing income and the potential for capital appreciation; which objectives the Fund considers to be relatively equal, over the long-term, due to the nature of the securities in which it invests.

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