Bank of America Corp DE boosted its holdings in Royce Value Trust Inc. (NYSE:RVT - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,848,923 shares of the financial services provider's stock after buying an additional 87,541 shares during the quarter. Bank of America Corp DE owned 5.07% of Royce Value Trust worth $92,413,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of RVT. Hennion & Walsh Asset Management Inc. raised its position in Royce Value Trust by 55.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 92,935 shares of the financial services provider's stock worth $1,468,000 after buying an additional 33,307 shares during the last quarter. Whitener Capital Management Inc. increased its position in shares of Royce Value Trust by 6.9% during the 4th quarter. Whitener Capital Management Inc. now owns 49,978 shares of the financial services provider's stock valued at $790,000 after purchasing an additional 3,216 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Royce Value Trust by 2.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 439,830 shares of the financial services provider's stock valued at $6,949,000 after purchasing an additional 11,777 shares during the last quarter. Bay Rivers Group increased its position in shares of Royce Value Trust by 5.8% during the 4th quarter. Bay Rivers Group now owns 29,264 shares of the financial services provider's stock valued at $462,000 after purchasing an additional 1,601 shares during the last quarter. Finally, DAVENPORT & Co LLC bought a new position in shares of Royce Value Trust during the 4th quarter valued at approximately $165,000. Hedge funds and other institutional investors own 25.57% of the company's stock.
Royce Value Trust Price Performance
RVT stock remained flat at $15.05 during midday trading on Thursday. The company's stock had a trading volume of 231,639 shares, compared to its average volume of 256,621. Royce Value Trust Inc. has a 1-year low of $12.12 and a 1-year high of $16.93. The business has a 50 day moving average price of $13.98 and a 200 day moving average price of $15.30.
Royce Value Trust Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 7.97%.
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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