Wolverine Asset Management LLC Lowers Stock Holdings in Royce Value Trust Inc. (NYSE:RVT)

Wolverine Asset Management LLC lowered its holdings in Royce Value Trust Inc. (NYSE:RVT - Free Report) by 58.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,119 shares of the financial services provider's stock after selling 40,216 shares during the period. Wolverine Asset Management LLC's holdings in Royce Value Trust were worth $441,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. ESL Trust Services LLC acquired a new stake in Royce Value Trust in the first quarter valued at approximately $39,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Royce Value Trust in the 3rd quarter valued at $78,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Royce Value Trust during the 2nd quarter worth $145,000. Calamos Advisors LLC acquired a new position in shares of Royce Value Trust during the second quarter worth $155,000. Finally, Creative Planning increased its holdings 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 buying an additional 842 shares during the last quarter. 25.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Royce Value Trust

In other news, President Christopher D. Clark bought 3,400 shares of Royce Value Trust stock in a transaction dated Friday, August 16th. The stock was acquired at an average cost of $15.20 per share, with a total value of $51,680.00. Following the acquisition, the president now owns 36,057 shares of the company's stock, valued at approximately $548,066.40. This trade represents a 10.41 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.06% of the stock is currently owned by corporate insiders.

Royce Value Trust Stock Down 1.5 %

Royce Value Trust stock traded down $0.25 during midday trading on Thursday, reaching $16.10. The company's stock had a trading volume of 320,170 shares, compared to its average volume of 228,177. The business has a 50-day simple moving average of $15.53 and a 200-day simple moving average of $15.12. Royce Value Trust Inc. has a fifty-two week low of $12.78 and a fifty-two week high of $16.93.

Royce Value Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 6.96%. The ex-dividend date of this dividend was Friday, September 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.