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.Get Bancroft Fund alerts: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 PerformanceBCV 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 AnnouncementThe 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 (Free Report)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.See AlsoFive stocks we like better than Bancroft FundWhat Does a Stock Split Mean? Is Lemonade Stock Set for a Big Squeeze After Earnings?How to Short Nasdaq: An Easy-to-Follow GuideCaterpillar Stock Could Top $650 by Year’s EndInsider Trading - What You Need to KnowServiceNow’s 5-for-1 Split Is a Signal for Investors to BuyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Bancroft Fund Right Now?Before you consider Bancroft Fund, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bancroft Fund wasn't on the list.While Bancroft Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here