Heritage Wealth Management Inc. Buys New Position in Royce Value Trust Inc. (NYSE:RVT)

Heritage Wealth Management Inc. acquired a new stake in Royce Value Trust Inc. (NYSE:RVT - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 46,191 shares of the financial services provider's stock, valued at approximately $662,000.

A number of other institutional investors also recently bought and sold shares of RVT. Stolper Co raised its position in shares of Royce Value Trust by 1.5% during the 2nd quarter. Stolper Co now owns 46,475 shares of the financial services provider's stock worth $672,000 after purchasing an additional 707 shares during the last quarter. 9258 Wealth Management LLC lifted its position in shares of Royce Value Trust by 1.4% in the second quarter. 9258 Wealth Management LLC now owns 53,052 shares of the financial services provider's stock valued at $768,000 after acquiring an additional 729 shares in the last quarter. Accel Wealth Management boosted its stake in shares of Royce Value Trust by 0.8% during the second quarter. Accel Wealth Management now owns 121,778 shares of the financial services provider's stock valued at $1,762,000 after acquiring an additional 930 shares during the last quarter. HBK Sorce Advisory LLC increased its position in Royce Value Trust by 6.8% during the 2nd quarter. HBK Sorce Advisory LLC now owns 14,869 shares of the financial services provider's stock worth $215,000 after purchasing an additional 946 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in Royce Value Trust by 7.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 15,517 shares of the financial services provider's stock valued at $235,000 after purchasing an additional 1,133 shares in the last quarter. 25.57% of the stock is currently owned by hedge funds and other institutional investors.

Royce Value Trust Stock Performance

Shares of NYSE:RVT traded down $0.18 during trading on Thursday, reaching $15.35. The stock had a trading volume of 161,920 shares, compared to its average volume of 228,735. The business has a fifty day moving average price of $15.22 and a 200-day moving average price of $14.86. Royce Value Trust Inc. has a fifty-two week low of $11.85 and a fifty-two week high of $16.16.

Royce Value Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.30%. The ex-dividend date was Friday, September 13th.

Insider Transactions at Royce Value Trust

In related news, President Christopher D. Clark acquired 3,400 shares of the company's stock in a transaction dated Friday, August 16th. The stock was bought at an average price of $15.20 per share, with a total value of $51,680.00. Following the purchase, the president now directly owns 36,057 shares in the company, valued at approximately $548,066.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.06% of the company's stock.

Royce Value Trust Profile

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.