Advisors Asset Management Inc. lessened its holdings in shares of Royce Value Trust Inc. (NYSE:RVT - Free Report) by 7.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 713,223 shares of the financial services provider's stock after selling 56,953 shares during the quarter. Advisors Asset Management Inc. owned 0.62% of Royce Value Trust worth $11,269,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Atlanta Consulting Group Advisors LLC purchased a new stake in Royce Value Trust during the fourth quarter valued at about $691,000. GWN Securities Inc. purchased a new stake in shares of Royce Value Trust during the fourth quarter valued at approximately $187,000. Commonwealth Equity Services LLC lifted its stake in Royce Value Trust by 0.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 140,012 shares of the financial services provider's stock worth $2,212,000 after acquiring an additional 933 shares during the period. HighTower Advisors LLC lifted its position in Royce Value Trust by 5.9% during the fourth quarter. HighTower Advisors LLC now owns 144,253 shares of the financial services provider's stock valued at $2,279,000 after buying an additional 7,985 shares during the period. Finally, Vista Investment Partners II LLC purchased a new position in Royce Value Trust during the fourth quarter valued at $367,000. Institutional investors own 25.57% of the company's stock.
Royce Value Trust Price Performance
NYSE RVT traded down $0.08 during trading hours on Friday, hitting $14.49. The company's stock had a trading volume of 188,533 shares, compared to its average volume of 242,943. The company's 50 day simple moving average is $15.61 and its two-hundred day simple moving average is $15.72. Royce Value Trust Inc. has a 12 month low of $13.78 and a 12 month high of $16.93.
Royce Value Trust Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date of this dividend is Thursday, March 13th.
Royce Value Trust Profile
(
Free Report)
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.
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