International Assets Investment Management LLC Sells 346,513 Shares of Royce Value Trust Inc. (NYSE:RVT)

International Assets Investment Management LLC cut its stake in shares of Royce Value Trust Inc. (NYSE:RVT - Free Report) by 93.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,261 shares of the financial services provider's stock after selling 346,513 shares during the period. International Assets Investment Management LLC's holdings in Royce Value Trust were worth $382,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Benjamin Edwards Inc. acquired a new stake in Royce Value Trust in the 3rd quarter worth approximately $1,505,000. Stifel Financial Corp boosted its stake in Royce Value Trust by 10.0% during the third quarter. Stifel Financial Corp now owns 775,846 shares of the financial services provider's stock worth $12,181,000 after buying an additional 70,449 shares in the last quarter. Creative Planning increased its stake in Royce Value Trust by 7.7% in the third quarter. Creative Planning now owns 11,791 shares of the financial services provider's stock valued at $185,000 after acquiring an additional 842 shares during the period. Polar Asset Management Partners Inc. acquired a new position in shares of Royce Value Trust in the 3rd quarter worth approximately $1,181,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Royce Value Trust during the second quarter valued at $2,973,000. 25.57% of the stock is currently owned by hedge funds and other institutional investors.

Royce Value Trust Stock Down 1.2 %

NYSE:RVT traded down $0.19 during mid-day trading on Friday, reaching $15.66. 281,857 shares of the company were exchanged, compared to its average volume of 270,976. The company has a fifty day moving average of $16.13 and a 200 day moving average of $15.54. Royce Value Trust Inc. has a 12 month low of $13.67 and a 12 month high of $16.93.

Royce Value Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 12th were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 11.24%.

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.