Shaker Financial Services LLC Trims Stake in Royce Value Trust Inc. (NYSE:RVT)

Shaker Financial Services LLC lessened its stake in Royce Value Trust Inc. (NYSE:RVT - Free Report) by 36.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 120,571 shares of the financial services provider's stock after selling 67,685 shares during the period. Shaker Financial Services LLC owned about 0.11% of Royce Value Trust worth $1,893,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RVT. Stolper Co grew its stake in Royce Value Trust by 1.5% during the 2nd quarter. Stolper Co now owns 46,475 shares of the financial services provider's stock worth $672,000 after purchasing an additional 707 shares in the last quarter. 9258 Wealth Management LLC grew its stake in Royce Value Trust by 1.4% during the 2nd quarter. 9258 Wealth Management LLC now owns 53,052 shares of the financial services provider's stock worth $768,000 after purchasing an additional 729 shares in the last quarter. Beacon Financial Advisory LLC grew its stake in Royce Value Trust by 5.8% during the 3rd quarter. Beacon Financial Advisory LLC now owns 13,328 shares of the financial services provider's stock worth $209,000 after purchasing an additional 734 shares in the last quarter. Focused Wealth Management Inc grew its stake in Royce Value Trust by 1.6% during the 3rd quarter. Focused Wealth Management Inc now owns 53,674 shares of the financial services provider's stock worth $843,000 after purchasing an additional 827 shares in the last quarter. Finally, Creative Planning grew its stake in Royce Value Trust by 7.7% during the 3rd quarter. Creative Planning now owns 11,791 shares of the financial services provider's stock worth $185,000 after purchasing an additional 842 shares in the last quarter. Institutional investors and hedge funds own 25.57% of the company's stock.

Royce Value Trust Trading Up 0.4 %

RVT traded up $0.06 on Thursday, hitting $16.37. 321,061 shares of the company were exchanged, compared to its average volume of 224,820. Royce Value Trust Inc. has a twelve month low of $12.22 and a twelve month high of $16.40. The firm has a 50-day moving average price of $15.42 and a two-hundred day moving average price of $15.04.

Royce Value Trust Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.12 annualized dividend and a yield of 6.84%.

Insiders Place Their Bets

In other Royce Value Trust news, President Christopher D. Clark purchased 3,400 shares of the firm's stock in a transaction on Friday, August 16th. The stock was bought at an average cost of $15.20 per share, with a total value of $51,680.00. Following the acquisition, the president now directly owns 36,057 shares of the company's stock, valued at approximately $548,066.40. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.06% of the stock is owned by company insiders.

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.