Wells Fargo & Company MN Has $26.44 Million Stock Position in Royce Value Trust Inc. (NYSE:RVT)

Wells Fargo & Company MN grew its stake in Royce Value Trust Inc. (NYSE:RVT - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,673,671 shares of the financial services provider's stock after acquiring an additional 315,880 shares during the quarter. Wells Fargo & Company MN owned 1.45% of Royce Value Trust worth $26,444,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of RVT. DAVENPORT & Co LLC acquired a new position in Royce Value Trust in the fourth quarter valued at about $165,000. GWN Securities Inc. acquired a new position in shares of Royce Value Trust in the 4th quarter valued at approximately $187,000. EP Wealth Advisors LLC bought a new stake in Royce Value Trust during the 3rd quarter worth approximately $188,000. Atria Wealth Solutions Inc. raised its holdings in Royce Value Trust by 18.4% during the 4th 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 period. Finally, PNC Financial Services Group Inc. raised its holdings in Royce Value Trust by 27.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,688 shares of the financial services provider's stock worth $200,000 after buying an additional 2,719 shares during the period. 25.57% of the stock is currently owned by institutional investors and hedge funds.

Royce Value Trust Stock Up 0.6 %

Shares of Royce Value Trust stock traded up $0.08 on Tuesday, hitting $13.34. The company had a trading volume of 201,245 shares, compared to its average volume of 250,527. The stock has a 50-day moving average of $14.70 and a 200-day moving average of $15.54. Royce Value Trust Inc. has a twelve month low of $12.12 and a twelve month high of $16.93.

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Royce Value Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 9.00%. The ex-dividend date was Thursday, March 13th.

About Royce Value Trust

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.