Stifel Financial Corp raised its holdings in Royce Value Trust Inc. (NYSE:RVT - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 823,078 shares of the financial services provider's stock after purchasing an additional 47,232 shares during the period. Stifel Financial Corp owned about 0.71% of Royce Value Trust worth $13,005,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Royce Value Trust in the 4th quarter valued at about $48,539,000. Wells Fargo & Company MN raised its holdings 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 valued at $26,444,000 after acquiring an additional 315,880 shares during the period. LPL Financial LLC raised its holdings in shares of Royce Value Trust by 37.5% during the fourth quarter. LPL Financial LLC now owns 1,260,113 shares of the financial services provider's stock valued at $19,910,000 after acquiring an additional 343,597 shares during the period. Modern Wealth Management LLC acquired a new stake in shares of Royce Value Trust during the fourth quarter valued at approximately $8,718,000. Finally, Guggenheim Capital LLC grew its position in Royce Value Trust by 0.8% during the fourth quarter. Guggenheim Capital LLC now owns 447,259 shares of the financial services provider's stock valued at $7,067,000 after purchasing an additional 3,472 shares in the last quarter. 25.57% of the stock is owned by institutional investors and hedge funds.
Royce Value Trust Stock Performance
RVT traded up $0.11 on Thursday, reaching $14.06. 184,826 shares of the company traded hands, compared to its average volume of 294,919. The stock's 50 day moving average price is $14.09 and its 200-day moving average price is $15.38. Royce Value Trust Inc. has a 52-week low of $12.12 and a 52-week high of $16.93.
Royce Value Trust Cuts Dividend
The firm also recently announced 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 8.53%. The ex-dividend date of this dividend 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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