Advisors Asset Management Inc. Sells 56,953 Shares of Royce Value Trust Inc. (NYSE:RVT)

Advisors Asset Management Inc. cut its stake in shares of Royce Value Trust Inc. (NYSE:RVT) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 713,223 shares of the financial services provider’s stock after selling 56,953 shares during the quarter. Advisors Asset Management Inc.’s holdings in Royce Value Trust were worth $11,269,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in shares of Royce Value Trust during the fourth quarter valued at $48,539,000. Stifel Financial Corp increased its stake in shares of Royce Value Trust by 10.0% in the third quarter. Stifel Financial Corp now owns 775,846 shares of the financial services provider’s stock valued at $12,181,000 after buying an additional 70,449 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Royce Value Trust by 2.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 439,830 shares of the financial services provider’s stock valued at $6,949,000 after buying an additional 11,777 shares in the last quarter. Waterfront Wealth Inc. increased its stake in shares of Royce Value Trust by 5.8% in the fourth quarter. Waterfront Wealth Inc. now owns 426,902 shares of the financial services provider’s stock valued at $6,745,000 after buying an additional 23,238 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of Royce Value Trust by 2.4% in the fourth quarter. D.A. Davidson & CO. now owns 223,093 shares of the financial services provider’s stock valued at $3,525,000 after buying an additional 5,149 shares in the last quarter. 25.57% of the stock is owned by institutional investors.

Royce Value Trust Stock Performance

Shares of NYSE:RVT opened at $14.34 on Tuesday. Royce Value Trust Inc. has a twelve month low of $13.78 and a twelve month high of $16.93. The business has a fifty day moving average of $15.71 and a 200-day moving average of $15.75.

Royce Value Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.37%.

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.