Raymond James Financial Inc. acquired a new position in shares of Royce Value Trust Inc. (NYSE:RVT - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,072,087 shares of the financial services provider's stock, valued at approximately $48,539,000. Raymond James Financial Inc. owned 2.66% of Royce Value Trust at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in RVT. DAVENPORT & Co LLC purchased a new stake in Royce Value Trust during the 4th quarter worth $165,000. GWN Securities Inc. bought a new stake in shares of Royce Value Trust in the 4th quarter worth about $187,000. Atria Wealth Solutions Inc. lifted its position in shares of 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 purchasing an additional 1,903 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in 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 worth $200,000 after purchasing an additional 2,719 shares in the last quarter. Finally, Independent Advisor Alliance bought a new stake in Royce Value Trust in the fourth quarter valued at about $218,000. 25.57% of the stock is owned by hedge funds and other institutional investors.
Royce Value Trust Stock Performance
Shares of RVT stock traded up $0.27 on Friday, hitting $13.43. 464,244 shares of the stock traded hands, compared to its average volume of 252,184. The company's fifty day moving average is $14.47 and its 200 day moving average is $15.48. Royce Value Trust Inc. has a 1-year low of $12.12 and a 1-year high of $16.93.
Royce Value Trust Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 8.94%. The ex-dividend date 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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