LPL Financial LLC Boosts Stock Position in Royce Value Trust Inc. (NYSE:RVT)

LPL Financial LLC lifted its position in shares of Royce Value Trust Inc. (NYSE:RVT - Free Report) by 37.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,260,113 shares of the financial services provider's stock after purchasing an additional 343,597 shares during the quarter. LPL Financial LLC owned 1.09% of Royce Value Trust worth $19,910,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of RVT. Samalin Investment Counsel LLC lifted its position in Royce Value Trust by 2.2% in 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 acquiring an additional 1,483 shares in the last quarter. Atlanta Consulting Group Advisors LLC bought a new position in shares of Royce Value Trust in the fourth quarter valued at approximately $691,000. GWN Securities Inc. bought a new stake in Royce Value Trust during the fourth quarter worth $187,000. Commonwealth Equity Services LLC grew its holdings in Royce Value Trust by 0.7% during the fourth 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 in the last quarter. Finally, HighTower Advisors LLC raised its position in Royce Value Trust by 5.9% in the 4th 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 last quarter. 25.57% of the stock is currently owned by institutional investors.

Royce Value Trust Price Performance

RVT traded down $0.71 during mid-day trading on Friday, reaching $13.05. 670,834 shares of the stock were exchanged, compared to its average volume of 244,956. Royce Value Trust Inc. has a 1 year low of $12.80 and a 1 year high of $16.93. The company has a 50 day moving average price of $15.21 and a two-hundred day moving average price of $15.68.

Royce Value Trust Cuts Dividend

The company also recently declared 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 9.20%. The ex-dividend date of this dividend was Thursday, March 13th.

About Royce Value Trust

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.