Envestnet Asset Management Inc. cut its stake in shares of Royce Value Trust Inc (NYSE:RVT) by 7.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,492 shares of the financial services provider’s stock after selling 3,648 shares during the quarter. Envestnet Asset Management Inc. owned about 0.05% of Royce Value Trust worth $667,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of RVT. Kings Point Capital Management acquired a new position in shares of Royce Value Trust in the second quarter worth about $26,000. Global Wealth Management Investment Advisory Inc. acquired a new position in shares of Royce Value Trust in the second quarter worth about $41,000. Reilly Financial Advisors LLC raised its position in shares of Royce Value Trust by 146.3% in the third quarter. Reilly Financial Advisors LLC now owns 3,877 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 2,303 shares during the period. Capital Investment Advisory Services LLC raised its position in shares of Royce Value Trust by 756.5% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 4,454 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 3,934 shares during the last quarter. Finally, North Star Investment Management Corp. acquired a new position in shares of Royce Value Trust during the 3rd quarter worth about $102,000. Institutional investors own 21.15% of the company’s stock.
NYSE RVT traded up $0.16 during trading hours on Wednesday, hitting $14.49. 249,700 shares of the company’s stock traded hands, compared to its average volume of 263,706. The firm’s 50-day moving average is $14.18 and its 200-day moving average is $13.79. Royce Value Trust Inc has a 52-week low of $10.94 and a 52-week high of $14.56.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 12th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.04 annualized dividend and a dividend yield of 7.18%.
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.
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