Financial Advocates Investment Management reduced its holdings in Royce Value Trust Inc. (NYSE:RVT - Free Report) by 25.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,902 shares of the financial services provider's stock after selling 17,138 shares during the period. Financial Advocates Investment Management's holdings in Royce Value Trust were worth $788,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. DAVENPORT & Co LLC bought a new position in shares of Royce Value Trust in the 4th quarter valued at about $165,000. Creative Planning lifted its stake in shares of Royce Value Trust by 7.7% in the 3rd quarter. Creative Planning now owns 11,791 shares of the financial services provider's stock valued at $185,000 after purchasing an additional 842 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Royce Value Trust in the 3rd quarter valued at approximately $188,000. B&L Asset Management LLC purchased a new position in shares of Royce Value Trust in the 3rd quarter worth approximately $190,000. Finally, Cutter & CO Brokerage Inc. bought a new position in shares of Royce Value Trust during the 3rd quarter valued at approximately $200,000. 25.57% of the stock is currently owned by institutional investors.
Royce Value Trust Stock Down 0.4 %
RVT traded down $0.06 during trading on Tuesday, reaching $16.12. The company had a trading volume of 171,581 shares, compared to its average volume of 250,233. The business has a 50 day simple moving average of $16.10 and a 200-day simple moving average of $15.74. Royce Value Trust Inc. has a 52 week low of $13.78 and a 52 week high of $16.93.
Royce Value Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 12th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 10.92%. The ex-dividend date was Thursday, December 12th.
About Royce Value Trust
(
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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