Shaker Financial Services LLC decreased its position in Royce Value Trust Inc. (NYSE:RVT - Free Report) by 38.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,500 shares of the financial services provider's stock after selling 46,071 shares during the quarter. Shaker Financial Services LLC owned 0.06% of Royce Value Trust worth $1,177,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in RVT. Raymond James Financial Inc. acquired a new stake in Royce Value Trust during the 4th quarter worth approximately $48,539,000. Wells Fargo & Company MN raised its stake in shares of Royce Value Trust by 23.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,673,671 shares of the financial services provider's stock valued at $26,444,000 after acquiring an additional 315,880 shares in the last quarter. LPL Financial LLC boosted its holdings in Royce Value Trust by 37.5% in the fourth quarter. LPL Financial LLC now owns 1,260,113 shares of the financial services provider's stock valued at $19,910,000 after purchasing an additional 343,597 shares during the period. Modern Wealth Management LLC acquired a new position in Royce Value Trust during the 4th quarter worth $8,718,000. Finally, Guggenheim Capital LLC increased its holdings in Royce Value Trust by 0.8% during the 4th quarter. Guggenheim Capital LLC now owns 447,259 shares of the financial services provider's stock worth $7,067,000 after purchasing an additional 3,472 shares during the period. 25.57% of the stock is currently owned by institutional investors and hedge funds.
Royce Value Trust Stock Performance
Shares of RVT traded up $0.01 during midday trading on Friday, hitting $13.83. The company had a trading volume of 173,523 shares, compared to its average volume of 253,691. Royce Value Trust Inc. has a 1 year low of $12.12 and a 1 year high of $16.93. The company's 50-day simple moving average is $14.26 and its 200-day simple moving average is $15.43.
Royce Value Trust Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 13th were paid a $0.30 dividend. The ex-dividend date was Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 8.68%.
Royce Value Trust Company 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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