Sanctuary Advisors LLC Makes New $2.97 Million Investment in Royce Value Trust Inc. (NYSE:RVT)

Sanctuary Advisors LLC bought a new stake in Royce Value Trust Inc. (NYSE:RVT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 208,071 shares of the financial services provider's stock, valued at approximately $2,973,000. Sanctuary Advisors LLC owned 0.18% of Royce Value Trust as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers raised its position in Royce Value Trust by 3.2% in the second quarter. Cetera Investment Advisers now owns 299,470 shares of the financial services provider's stock worth $4,333,000 after acquiring an additional 9,255 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in Royce Value Trust by 21.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 18,825 shares of the financial services provider's stock valued at $272,000 after purchasing an additional 3,308 shares in the last quarter. Logan Stone Capital LLC purchased a new position in Royce Value Trust during the second quarter valued at $342,000. Concorde Asset Management LLC grew its holdings in Royce Value Trust by 51.2% during the second quarter. Concorde Asset Management LLC now owns 28,048 shares of the financial services provider's stock valued at $406,000 after purchasing an additional 9,502 shares during the period. Finally, Cornerstone Advisors LLC increased its position in Royce Value Trust by 62.0% in the second quarter. Cornerstone Advisors LLC now owns 734,489 shares of the financial services provider's stock worth $10,628,000 after buying an additional 281,199 shares in the last quarter. Institutional investors own 25.57% of the company's stock.

Insider Buying and Selling at Royce Value Trust

In related news, President Christopher D. Clark bought 3,400 shares of the business's stock in a transaction that occurred on Friday, August 16th. The stock was bought at an average cost of $15.20 per share, with a total value of $51,680.00. Following the completion of the purchase, the president now owns 36,057 shares of the company's stock, valued at approximately $548,066.40. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.06% of the company's stock.

Royce Value Trust Stock Performance

Shares of RVT traded down $0.24 during mid-day trading on Monday, reaching $15.35. The stock had a trading volume of 336,123 shares, compared to its average volume of 228,738. Royce Value Trust Inc. has a 12 month low of $11.85 and a 12 month high of $16.16. The business has a fifty day moving average of $15.21 and a 200 day moving average of $14.88.

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 $0.28 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.12 dividend on an annualized basis and a yield of 7.30%.

Royce Value Trust Company 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.