Polar Asset Management Partners Inc. acquired a new stake in shares of Royce Value Trust Inc. (NYSE:RVT - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 75,192 shares of the financial services provider's stock, valued at approximately $1,181,000. Polar Asset Management Partners Inc. owned about 0.07% of Royce Value Trust at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new stake in Royce Value Trust in the 3rd quarter worth $78,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Royce Value Trust in the second quarter worth about $145,000. Calamos Advisors LLC bought a new position in Royce Value Trust during the second quarter valued at approximately $155,000. Creative Planning boosted its stake in Royce Value Trust by 7.7% during the third quarter. Creative Planning now owns 11,791 shares of the financial services provider's stock valued at $185,000 after buying an additional 842 shares during the last quarter. Finally, B&L Asset Management LLC purchased a new position in Royce Value Trust during the 3rd quarter valued at approximately $190,000. Institutional investors own 25.57% of the company's stock.
Royce Value Trust Stock Up 0.6 %
Shares of RVT traded up $0.10 during mid-day trading on Friday, hitting $16.82. 263,753 shares of the stock were exchanged, compared to its average volume of 229,269. Royce Value Trust Inc. has a 52-week low of $13.24 and a 52-week high of $16.93. The firm has a 50-day moving average of $15.94 and a two-hundred day moving average of $15.31.
Royce Value Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Thursday, December 12th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 10.46%. The ex-dividend date is Thursday, December 12th.
Royce Value Trust Company 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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