Royal Bank of Canada boosted its stake in shares of Royce Value Trust Inc. (NYSE:RVT - Free Report) by 8.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,553,618 shares of the financial services provider's stock after buying an additional 118,894 shares during the quarter. Royal Bank of Canada owned approximately 1.35% of Royce Value Trust worth $24,548,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC lifted its holdings in Royce Value Trust by 11.1% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 10,209 shares of the financial services provider's stock valued at $161,000 after buying an additional 1,019 shares in the last quarter. DAVENPORT & Co LLC bought a new stake in Royce Value Trust during the 4th quarter valued at about $165,000. Keyes Stange & Wooten Wealth Management LLC bought a new stake in Royce Value Trust during the 4th quarter valued at about $170,000. GWN Securities Inc. bought a new stake in Royce Value Trust during the 4th quarter valued at about $187,000. Finally, Canal Capital Management LLC bought a new stake in Royce Value Trust during the 4th quarter valued at about $179,000. Institutional investors own 25.57% of the company's stock.
Royce Value Trust Trading Down 1.4%
RVT traded down $0.21 on Wednesday, reaching $14.78. 229,707 shares of the company traded hands, compared to its average volume of 259,039. Royce Value Trust Inc. has a one year low of $12.12 and a one year high of $16.93. The firm has a fifty day simple moving average of $14.06 and a two-hundred day simple moving average of $15.25.
Royce Value Trust Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 13th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 8.12%.
Royce Value Trust 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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