Bank of America Corp DE Purchases 87,541 Shares of Royce Value Trust Inc. (NYSE:RVT)

Bank of America Corp DE increased its stake in shares of Royce Value Trust Inc. (NYSE:RVT - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,848,923 shares of the financial services provider's stock after acquiring an additional 87,541 shares during the quarter. Bank of America Corp DE owned approximately 5.07% of Royce Value Trust worth $92,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Alexander Randolph Advisory Inc. grew its position in Royce Value Trust by 2.9% during the 4th quarter. Alexander Randolph Advisory Inc. now owns 30,963 shares of the financial services provider's stock worth $489,000 after acquiring an additional 871 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Royce Value Trust by 0.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 140,012 shares of the financial services provider's stock worth $2,212,000 after buying an additional 933 shares during the last quarter. Jaffetilchin Investment Partners LLC grew its position in shares of Royce Value Trust by 11.1% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 10,209 shares of the financial services provider's stock worth $161,000 after buying an additional 1,019 shares during the last quarter. Heritage Wealth Management Inc. grew its position in shares of Royce Value Trust by 2.9% in the 4th quarter. Heritage Wealth Management Inc. now owns 46,668 shares of the financial services provider's stock worth $737,000 after buying an additional 1,296 shares during the last quarter. Finally, Samalin Investment Counsel LLC grew its position in shares of Royce Value Trust by 2.2% in the 4th quarter. Samalin Investment Counsel LLC now owns 68,971 shares of the financial services provider's stock worth $1,090,000 after buying an additional 1,483 shares during the last quarter. 25.57% of the stock is currently owned by institutional investors.

Royce Value Trust Price Performance

Shares of RVT stock traded up $0.08 during trading hours on Friday, reaching $15.11. The company's stock had a trading volume of 165,390 shares, compared to its average volume of 257,670. Royce Value Trust Inc. has a one year low of $12.12 and a one year high of $16.93. The firm's fifty day simple moving average is $14.00 and its 200 day simple moving average is $15.30.

Royce Value Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th were given a $0.30 dividend. The ex-dividend date was Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.94%.

Royce Value Trust Profile

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.