Wells Fargo & Company MN increased its position in Royce Value Trust Inc. (NYSE:RVT - Free Report) by 23.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,673,671 shares of the financial services provider's stock after acquiring an additional 315,880 shares during the quarter. Wells Fargo & Company MN owned about 1.45% of Royce Value Trust worth $26,444,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RVT. DAVENPORT & Co LLC bought a new stake in Royce Value Trust during the 4th quarter worth approximately $165,000. GWN Securities Inc. bought a new stake in Royce Value Trust during the fourth quarter valued at approximately $187,000. EP Wealth Advisors LLC bought a new stake in shares of Royce Value Trust during the 3rd quarter worth $188,000. Atria Wealth Solutions Inc. raised its position in Royce Value Trust by 18.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 12,230 shares of the financial services provider's stock valued at $193,000 after purchasing an additional 1,903 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Royce Value Trust by 27.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,688 shares of the financial services provider's stock worth $200,000 after purchasing an additional 2,719 shares in the last quarter. Institutional investors own 25.57% of the company's stock.
Royce Value Trust Stock Up 1.5 %
RVT traded up $0.20 during midday trading on Thursday, hitting $13.36. The stock had a trading volume of 323,254 shares, compared to its average volume of 251,003. Royce Value Trust Inc. has a 1 year low of $12.12 and a 1 year high of $16.93. The business has a fifty day moving average of $14.58 and a 200 day moving average of $15.51.
Royce Value Trust Cuts Dividend
The business also recently announced 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. This represents a $1.20 annualized dividend and a yield of 8.98%. The ex-dividend date was Thursday, March 13th.
About Royce Value Trust
(
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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