Nations Financial Group Inc. IA ADV Buys New Position in Royce Value Trust Inc. (NYSE:RVT)

Nations Financial Group Inc. IA ADV purchased a new stake in Royce Value Trust Inc. (NYSE:RVT) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 47,070 shares of the financial services provider’s stock, valued at approximately $739,000.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James & Associates boosted its stake in shares of Royce Value Trust by 5.5% during the 3rd quarter. Raymond James & Associates now owns 1,502,749 shares of the financial services provider’s stock valued at $23,593,000 after purchasing an additional 78,601 shares in the last quarter. Cornerstone Advisors LLC boosted its position in Royce Value Trust by 62.0% during the 2nd quarter. Cornerstone Advisors LLC now owns 734,489 shares of the financial services provider’s stock valued at $10,628,000 after acquiring an additional 281,199 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Royce Value Trust by 9.7% during the 1st quarter. Advisors Asset Management Inc. now owns 667,661 shares of the financial services provider’s stock worth $10,128,000 after acquiring an additional 59,308 shares during the period. Blue Bell Private Wealth Management LLC raised its position in shares of Royce Value Trust by 13.3% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 460,923 shares of the financial services provider’s stock worth $6,670,000 after acquiring an additional 54,097 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Royce Value Trust by 14.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 386,499 shares of the financial services provider’s stock valued at $6,068,000 after purchasing an additional 48,700 shares during the period. 25.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Royce Value Trust

In other Royce Value Trust news, President Christopher D. Clark acquired 3,400 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average price of $15.20 per share, with a total value of $51,680.00. Following the completion of the purchase, the president now directly owns 36,057 shares of the company’s stock, valued at approximately $548,066.40. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.06% of the company’s stock.

Royce Value Trust Stock Down 0.7 %

Shares of RVT stock opened at $16.79 on Wednesday. The business’s fifty day moving average is $15.50 and its 200 day moving average is $15.11. Royce Value Trust Inc. has a twelve month low of $12.37 and a twelve month high of $16.92.

Royce Value Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 13th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date was Friday, September 13th.

About Royce Value Trust

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.