Wedbush Securities Inc. reduced its stake in shares of Royce Value Trust Inc. (NYSE:RVT - Free Report) by 60.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,755 shares of the financial services provider's stock after selling 39,450 shares during the period. Wedbush Securities Inc.'s holdings in Royce Value Trust were worth $407,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. DAVENPORT & Co LLC acquired a new stake in shares of Royce Value Trust during the 4th quarter valued at approximately $165,000. GWN Securities Inc. bought a new stake in Royce Value Trust during the fourth quarter valued at $187,000. EP Wealth Advisors LLC acquired a new stake in shares of Royce Value Trust during the third quarter worth $188,000. Atria Wealth Solutions Inc. lifted its position in shares of Royce Value Trust by 18.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 12,230 shares of the financial services provider's stock worth $193,000 after buying an additional 1,903 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Royce Value Trust by 27.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,688 shares of the financial services provider's stock valued at $200,000 after buying an additional 2,719 shares during the period. Institutional investors own 25.57% of the company's stock.
Royce Value Trust Price Performance
RVT traded up $0.20 on Monday, hitting $13.40. 72,474 shares of the company's stock were exchanged, compared to its average volume of 293,926. The stock has a fifty day moving average of $14.76 and a two-hundred day moving average of $15.56. Royce Value Trust Inc. has a twelve month low of $12.12 and a twelve month high of $16.93.
Royce Value Trust Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.96%. The ex-dividend date was Thursday, March 13th.
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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