Royce Value Trust Inc. (NYSE:RVT) Shares Purchased by Waterfront Wealth Inc.

Waterfront Wealth Inc. boosted its position in Royce Value Trust Inc. (NYSE:RVT) by 5.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 426,902 shares of the financial services provider’s stock after acquiring an additional 23,238 shares during the quarter. Royce Value Trust makes up about 1.6% of Waterfront Wealth Inc.’s holdings, making the stock its 10th largest position. Waterfront Wealth Inc.’s holdings in Royce Value Trust were worth $6,745,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Raymond James & Associates lifted its position 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 acquiring an additional 78,601 shares during the period. Stifel Financial Corp increased its stake in shares of Royce Value Trust by 10.0% during the 3rd quarter. Stifel Financial Corp now owns 775,846 shares of the financial services provider’s stock worth $12,181,000 after purchasing 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% during the 4th quarter. Janney Montgomery Scott LLC now owns 439,830 shares of the financial services provider’s stock worth $6,949,000 after purchasing an additional 11,777 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Royce Value Trust by 14.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 386,499 shares of the financial services provider’s stock worth $6,068,000 after purchasing an additional 48,700 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Royce Value Trust by 1,603.2% during the 3rd quarter. International Assets Investment Management LLC now owns 370,774 shares of the financial services provider’s stock worth $5,821,000 after purchasing an additional 349,005 shares in the last quarter. 25.57% of the stock is currently owned by institutional investors and hedge funds.

Royce Value Trust Price Performance

Shares of RVT opened at $16.00 on Friday. The firm has a 50 day simple moving average of $16.02 and a 200-day simple moving average of $15.77. Royce Value Trust Inc. has a 1-year low of $13.78 and a 1-year high of $16.93.

Royce Value Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 12th were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 11.00%.

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.