Hennion & Walsh Asset Management Inc. raised its position in Royce Value Trust Inc. (NYSE:RVT - Free Report) by 19.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,059 shares of the financial services provider's stock after purchasing an additional 18,124 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 0.10% of Royce Value Trust worth $1,581,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Royce Value Trust in the fourth quarter worth about $48,539,000. Modern Wealth Management LLC acquired a new stake in shares of Royce Value Trust in the fourth quarter worth about $8,718,000. LPL Financial LLC lifted its position in shares of Royce Value Trust by 37.5% in the fourth quarter. LPL Financial LLC now owns 1,260,113 shares of the financial services provider's stock worth $19,910,000 after buying an additional 343,597 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Royce Value Trust by 23.3% in 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 buying an additional 315,880 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Royce Value Trust by 8.3% in the fourth quarter. Royal Bank of Canada now owns 1,553,618 shares of the financial services provider's stock worth $24,548,000 after buying an additional 118,894 shares during the last quarter. Hedge funds and other institutional investors own 25.57% of the company's stock.
Royce Value Trust Price Performance
Shares of NYSE:RVT traded up $0.11 on Monday, reaching $15.16. The company had a trading volume of 211,186 shares, compared to its average volume of 259,908. Royce Value Trust Inc. has a twelve month low of $12.12 and a twelve month high of $16.93. The stock has a 50-day moving average price of $14.14 and a 200 day moving average price of $15.16.
Royce Value Trust Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 12th will be given a $0.29 dividend. The ex-dividend date is Thursday, June 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.65%.
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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