Landscape Capital Management L.L.C. lessened its holdings in Royce Value Trust Inc. (NYSE:RVT - Free Report) by 73.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 46,887 shares of the financial services provider's stock after selling 129,496 shares during the period. Landscape Capital Management L.L.C.'s holdings in Royce Value Trust were worth $741,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in shares of Royce Value Trust during the 4th quarter worth approximately $48,539,000. LPL Financial LLC grew its holdings in shares of Royce Value Trust by 37.5% during the fourth quarter. LPL Financial LLC now owns 1,260,113 shares of the financial services provider's stock valued at $19,910,000 after buying an additional 343,597 shares during the last quarter. Stifel Financial Corp increased its position in shares of Royce Value Trust by 10.0% in the 3rd quarter. Stifel Financial Corp now owns 775,846 shares of the financial services provider's stock valued at $12,181,000 after acquiring an additional 70,449 shares during the period. Modern Wealth Management LLC purchased a new position in shares of Royce Value Trust in the fourth quarter worth about $8,718,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Royce Value Trust by 2.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 439,830 shares of the financial services provider's stock worth $6,949,000 after purchasing an additional 11,777 shares during the period. Institutional investors own 25.57% of the company's stock.
Royce Value Trust Stock Up 1.2 %
Shares of RVT stock traded up $0.16 during trading hours on Friday, hitting $13.22. The company's stock had a trading volume of 403,874 shares, compared to its average volume of 250,093. Royce Value Trust Inc. has a 12-month low of $12.12 and a 12-month high of $16.93. The company has a 50 day moving average of $14.76 and a 200 day moving average of $15.56.
Royce Value Trust Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 13th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 9.08%. The ex-dividend date of this dividend was Thursday, March 13th.
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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