Lazard Asset Management LLC Grows Stake in Royce Value Trust Inc. (NYSE:RVT)

Lazard Asset Management LLC raised its stake in shares of Royce Value Trust Inc. (NYSE:RVT - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 556,039 shares of the financial services provider's stock after acquiring an additional 65,046 shares during the period. Lazard Asset Management LLC owned approximately 0.48% of Royce Value Trust worth $8,785,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake 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 worth $6,949,000 after buying an additional 11,777 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in Royce Value Trust by 55.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 92,935 shares of the financial services provider's stock valued at $1,468,000 after buying an additional 33,307 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in Royce Value Trust by 18.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 12,230 shares of the financial services provider's stock valued at $193,000 after buying an additional 1,903 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Royce Value Trust during the fourth quarter worth $185,000. Finally, PKS Advisory Services LLC acquired a new stake in shares of Royce Value Trust during the fourth quarter worth $306,000. 25.57% of the stock is owned by hedge funds and other institutional investors.

Royce Value Trust Price Performance

Shares of RVT stock traded up $0.08 during mid-day trading on Friday, hitting $15.11. 165,390 shares of the company's stock were exchanged, compared to its average volume of 257,670. Royce Value Trust Inc. has a fifty-two week low of $12.12 and a fifty-two week high of $16.93. The stock has a 50-day simple moving average of $14.00 and a two-hundred day simple moving average of $15.30.

Royce Value Trust Cuts Dividend

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

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.