Wedbush Securities Inc. raised its stake in shares of Boulder Growth & Income Fund Inc (NYSE:BIF) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,155 shares of the closed-end fund’s stock after purchasing an additional 2,545 shares during the quarter. Wedbush Securities Inc. owned approximately 0.07% of Boulder Growth & Income Fund worth $756,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of BIF. Quad Cities Investment Group LLC increased its position in Boulder Growth & Income Fund by 685.1% during the 1st quarter. Quad Cities Investment Group LLC now owns 3,533 shares of the closed-end fund’s stock valued at $38,000 after purchasing an additional 3,083 shares during the period. Parallel Advisors LLC purchased a new position in Boulder Growth & Income Fund during the 4th quarter valued at $45,000. AdvisorNet Financial Inc increased its position in Boulder Growth & Income Fund by 395.5% during the 4th quarter. AdvisorNet Financial Inc now owns 5,019 shares of the closed-end fund’s stock valued at $52,000 after purchasing an additional 4,006 shares during the period. Sandy Spring Bank purchased a new position in Boulder Growth & Income Fund during the 4th quarter valued at $165,000. Finally, Northern Trust Corp increased its position in Boulder Growth & Income Fund by 95.6% during the 4th quarter. Northern Trust Corp now owns 20,469 shares of the closed-end fund’s stock valued at $213,000 after purchasing an additional 10,005 shares during the period. 14.31% of the stock is currently owned by institutional investors and hedge funds.
In other Boulder Growth & Income Fund news, major shareholder Lola Brown Trust 1B bought 2,319,048 shares of the company’s stock in a transaction dated Wednesday, April 10th. The shares were purchased at an average price of $10.96 per share, for a total transaction of $25,416,766.08. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.16% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be issued a dividend of $0.102 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Monday, April 22nd.
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Boulder Growth & Income Fund Company Profile
Boulder Growth & Income Fund, Inc is a closed-ended balanced mutual fund launched and managed by Boulder Investment Advisers, LLC It is co-managed by Stewart West Indies Trading Co Ltd. and Rocky Mountain Advisers, Llc. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified industries.
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