Bancroft Fund Ltd. (BCV) Shares Sold by Ameriprise Financial Inc.
Ameriprise Financial Inc. reduced its holdings in Bancroft Fund Ltd. (NYSEMKT:BCV) by 26.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,372 shares of the financial services provider’s stock after selling 9,160 shares during the period. Ameriprise Financial Inc.’s holdings in Bancroft Fund were worth $543,000 at the end of the most recent quarter.
Separately, Advisors Asset Management Inc. grew its holdings in Bancroft Fund by 19.3% in the second quarter. Advisors Asset Management Inc. now owns 157,973 shares of the financial services provider’s stock valued at $3,415,000 after purchasing an additional 25,517 shares during the period.
In other news, Director Kuni Nakamura purchased 1,710 shares of the stock in a transaction dated Thursday, October 5th. The shares were purchased at an average cost of $22.00 per share, with a total value of $37,620.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Bancroft Fund Ltd. (NYSEMKT:BCV) opened at $21.83 on Monday. Bancroft Fund Ltd. has a 12 month low of $19.75 and a 12 month high of $22.54.
Bancroft Fund Profile
Bancroft Fund Ltd. (the Fund) is a diversified closed-end management investment company. The Fund’s primary investment objective is to provide 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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