LPL Financial LLC boosted its position in Royce Value Trust Inc. (NYSE:RVT - Free Report) by 37.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,260,113 shares of the financial services provider's stock after buying an additional 343,597 shares during the period. LPL Financial LLC owned approximately 1.09% of Royce Value Trust worth $19,910,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in RVT. DAVENPORT & Co LLC acquired a new stake in Royce Value Trust in the fourth quarter valued at approximately $165,000. GWN Securities Inc. acquired a new stake in Royce Value Trust in the 4th quarter valued at $187,000. EP Wealth Advisors LLC bought a new stake in Royce Value Trust during the 3rd quarter valued at $188,000. Atria Wealth Solutions Inc. raised its holdings in Royce Value Trust by 18.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 12,230 shares of the financial services provider's stock worth $193,000 after buying an additional 1,903 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Royce Value Trust by 27.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,688 shares of the financial services provider's stock valued at $200,000 after buying an additional 2,719 shares in the last quarter. 25.57% of the stock is owned by institutional investors and hedge funds.
Royce Value Trust Trading Down 4.9 %
Shares of NYSE:RVT traded down $0.72 during midday trading on Thursday, hitting $13.77. 562,388 shares of the company's stock were exchanged, compared to its average volume of 242,867. Royce Value Trust Inc. has a 12 month low of $13.76 and a 12 month high of $16.93. The stock has a 50 day moving average price of $15.34 and a 200-day moving average price of $15.70.
Royce Value Trust Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 8.72%. The ex-dividend date of this dividend was 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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