Modern Wealth Management LLC Takes $8.72 Million Position in Royce Value Trust Inc. (NYSE:RVT)

Modern Wealth Management LLC acquired a new position in Royce Value Trust Inc. (NYSE:RVT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 538,791 shares of the financial services provider's stock, valued at approximately $8,718,000. Modern Wealth Management LLC owned 0.47% of Royce Value Trust as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. LPL Financial LLC raised its stake in Royce Value Trust by 37.5% during the 4th quarter. LPL Financial LLC now owns 1,260,113 shares of the financial services provider's stock worth $19,910,000 after acquiring an additional 343,597 shares during the period. Samalin Investment Counsel LLC raised its position in shares of Royce Value Trust by 2.2% during the 4th quarter. Samalin Investment Counsel LLC now owns 68,971 shares of the financial services provider's stock valued at $1,090,000 after purchasing an additional 1,483 shares during the period. Atlanta Consulting Group Advisors LLC purchased a new position in shares of Royce Value Trust during the 4th quarter valued at $691,000. GWN Securities Inc. purchased a new position in shares of Royce Value Trust during the 4th quarter valued at $187,000. Finally, Commonwealth Equity Services LLC boosted its holdings in Royce Value Trust by 0.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 140,012 shares of the financial services provider's stock worth $2,212,000 after buying an additional 933 shares during the period. Institutional investors own 25.57% of the company's stock.

Royce Value Trust Price Performance

NYSE:RVT traded down $0.22 on Friday, reaching $14.28. 213,159 shares of the company's stock traded hands, compared to its average volume of 241,645. The stock has a 50-day simple moving average of $15.47 and a 200-day simple moving average of $15.72. Royce Value Trust Inc. has a 12 month low of $13.78 and a 12 month high of $16.93.

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Royce Value Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 8.41%.

Royce Value Trust Company Profile

Royce Value Trust Inc is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies.