Financial Advocates Investment Management Decreases Stock Position in Royce Value Trust Inc. (NYSE:RVT)

Financial Advocates Investment Management decreased its position in shares of Royce Value Trust Inc. (NYSE:RVT) by 25.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,902 shares of the financial services provider’s stock after selling 17,138 shares during the period. Financial Advocates Investment Management’s holdings in Royce Value Trust were worth $788,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning lifted its stake in shares of Royce Value Trust by 7.7% in the third quarter. Creative Planning now owns 11,791 shares of the financial services provider’s stock worth $185,000 after acquiring an additional 842 shares in the last quarter. Raymond James & Associates increased its holdings in 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 worth $23,593,000 after purchasing an additional 78,601 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position 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 in the last quarter. Private Advisor Group LLC boosted its stake in shares of Royce Value Trust by 3.7% during the 3rd quarter. Private Advisor Group LLC now owns 133,786 shares of the financial services provider’s stock valued at $2,100,000 after buying an additional 4,829 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Royce Value Trust by 1,603.2% during the third quarter. International Assets Investment Management LLC now owns 370,774 shares of the financial services provider’s stock worth $5,821,000 after buying an additional 349,005 shares in the last quarter. Institutional investors and hedge funds own 25.57% of the company’s stock.

Royce Value Trust Stock Down 1.5 %

RVT opened at $16.13 on Friday. Royce Value Trust Inc. has a 12-month low of $13.78 and a 12-month high of $16.93. The firm’s fifty day moving average price is $16.13 and its 200 day moving average price is $15.73.

Royce Value Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 12th were paid a $0.44 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 10.91%.

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.