Sierra Ocean LLC bought a new stake in shares of Royce Value Trust Inc. (NYSE:RVT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,563 shares of the financial services provider's stock, valued at approximately $309,000.
Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in Royce Value Trust by 1,603.2% in the 3rd quarter. International Assets Investment Management LLC now owns 370,774 shares of the financial services provider's stock worth $5,821,000 after purchasing an additional 349,005 shares in the last quarter. Benjamin Edwards Inc. bought a new position in Royce Value Trust in the 3rd quarter worth about $1,505,000. Raymond James & Associates boosted its stake in Royce Value Trust by 5.5% in the 3rd quarter. Raymond James & Associates now owns 1,502,749 shares of the financial services provider's stock worth $23,593,000 after purchasing an additional 78,601 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in Royce Value Trust in the 3rd quarter worth about $1,181,000. Finally, Stifel Financial Corp boosted its stake in Royce Value Trust by 10.0% in the 3rd quarter. Stifel Financial Corp now owns 775,846 shares of the financial services provider's stock worth $12,181,000 after purchasing an additional 70,449 shares in the last quarter. Institutional investors own 25.57% of the company's stock.
Royce Value Trust Price Performance
RVT traded down $0.14 during midday trading on Thursday, hitting $16.00. 189,029 shares of the company traded hands, compared to its average volume of 239,328. The company's 50-day moving average is $16.02 and its 200 day moving average is $15.77. Royce Value Trust Inc. has a 52 week low of $13.78 and a 52 week high of $16.93.
Royce Value Trust Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 12th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 11.00%. The ex-dividend date of this dividend was Thursday, December 12th.
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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