Quantedge Capital Pte Ltd Sells 25,200 Shares of Royce Value Trust Inc. (NYSE:RVT)

Quantedge Capital Pte Ltd cut its position in Royce Value Trust Inc. (NYSE:RVT - Free Report) by 34.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,800 shares of the financial services provider's stock after selling 25,200 shares during the period. Quantedge Capital Pte Ltd's holdings in Royce Value Trust were worth $771,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC grew its stake in Royce Value Trust by 13.2% in the fourth quarter. Lazard Asset Management LLC now owns 556,039 shares of the financial services provider's stock valued at $8,785,000 after acquiring an additional 65,046 shares during the period. K2 Principal Fund L.P. grew its position in Royce Value Trust by 39.7% in the 4th quarter. K2 Principal Fund L.P. now owns 18,723 shares of the financial services provider's stock valued at $296,000 after purchasing an additional 5,323 shares during the period. EP Wealth Advisors LLC grew its position in Royce Value Trust by 9.0% in the 4th quarter. EP Wealth Advisors LLC now owns 13,025 shares of the financial services provider's stock valued at $206,000 after purchasing an additional 1,070 shares during the period. Bank of America Corp DE increased its stake in Royce Value Trust by 1.5% during the 4th quarter. Bank of America Corp DE now owns 5,848,923 shares of the financial services provider's stock valued at $92,413,000 after purchasing an additional 87,541 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in Royce Value Trust during the fourth quarter worth $185,000. 25.57% of the stock is owned by institutional investors.

Royce Value Trust Trading Up 0.3%

Shares of RVT traded up $0.04 on Tuesday, reaching $15.02. The company's stock had a trading volume of 108,955 shares, compared to its average volume of 281,059. Royce Value Trust Inc. has a twelve month low of $12.12 and a twelve month high of $16.93. The firm has a fifty day moving average of $14.01 and a 200-day moving average of $15.29.

Royce Value Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th were issued 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 7.99%.

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.