Royal Bank of Canada Has $24.55 Million Stock Holdings in Royce Value Trust Inc. (NYSE:RVT)

Royal Bank of Canada grew its position in Royce Value Trust Inc. (NYSE:RVT - Free Report) by 8.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,553,618 shares of the financial services provider's stock after buying an additional 118,894 shares during the period. Royal Bank of Canada owned 1.35% of Royce Value Trust worth $24,548,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Royce Value Trust in the fourth quarter valued at about $48,539,000. Modern Wealth Management LLC bought a new position in shares of Royce Value Trust in the 4th quarter valued at about $8,718,000. LPL Financial LLC boosted its position in shares of Royce Value Trust by 37.5% in the 4th quarter. LPL Financial LLC now owns 1,260,113 shares of the financial services provider's stock worth $19,910,000 after purchasing an additional 343,597 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Royce Value Trust by 23.3% during the fourth quarter. Wells Fargo & Company MN now owns 1,673,671 shares of the financial services provider's stock worth $26,444,000 after purchasing an additional 315,880 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in Royce Value Trust by 123.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 166,040 shares of the financial services provider's stock valued at $2,623,000 after purchasing an additional 91,586 shares during the last quarter. 25.57% of the stock is owned by institutional investors and hedge funds.

Royce Value Trust Price Performance

RVT traded down $0.02 during midday trading on Friday, reaching $14.79. 62,447 shares of the company were exchanged, compared to its average volume of 257,551. Royce Value Trust Inc. has a one year low of $12.12 and a one year high of $16.93. The stock's 50-day simple moving average is $14.07 and its 200 day simple moving average is $15.23.

Royce Value Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders 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 yield of 8.11%.

Royce Value Trust Company 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.