Stifel Financial Corp Acquires 47,232 Shares of Royce Value Trust Inc. (NYSE:RVT)

Stifel Financial Corp lifted its holdings in shares of Royce Value Trust Inc. (NYSE:RVT - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 823,078 shares of the financial services provider's stock after purchasing an additional 47,232 shares during the period. Stifel Financial Corp owned 0.71% of Royce Value Trust worth $13,005,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its holdings in shares of Royce Value Trust by 4.5% during the 4th quarter. NewEdge Advisors LLC now owns 50,416 shares of the financial services provider's stock worth $797,000 after buying an additional 2,170 shares in the last quarter. Guggenheim Capital LLC lifted its position in shares of 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 valued at $7,067,000 after acquiring an additional 3,472 shares during the period. Keyes Stange & Wooten Wealth Management LLC bought a new position in Royce Value Trust during the fourth quarter worth $170,000. Concorde Asset Management LLC boosted its stake in Royce Value Trust by 16.9% during the fourth quarter. Concorde Asset Management LLC now owns 39,152 shares of the financial services provider's stock worth $619,000 after acquiring an additional 5,660 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC grew its holdings in Royce Value Trust by 11.1% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 10,209 shares of the financial services provider's stock worth $161,000 after purchasing an additional 1,019 shares during the period. Institutional investors and hedge funds own 25.57% of the company's stock.

Royce Value Trust Trading Up 0.1 %

Shares of NYSE RVT opened at $13.83 on Friday. The firm's 50-day moving average price is $14.21 and its 200-day moving average price is $15.42. Royce Value Trust Inc. has a 1-year low of $12.12 and a 1-year high of $16.93.

Royce Value Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders 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%.

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.

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