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

Advisors Asset Management Inc. trimmed its holdings in Royce Value Trust Inc. (NYSE:RVT) by 7.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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. owned 0.62% of Royce Value Trust worth $11,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. DAVENPORT & Co LLC bought a new stake in shares of Royce Value Trust in the fourth quarter valued at approximately $165,000. GWN Securities Inc. bought a new stake in shares of Royce Value Trust in the fourth quarter valued at approximately $187,000. EP Wealth Advisors LLC bought a new position in Royce Value Trust in the third quarter worth $188,000. B&L Asset Management LLC bought a new position in Royce Value Trust in the third quarter worth $190,000. Finally, Atria Wealth Solutions Inc. lifted its position in Royce Value Trust by 18.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 12,230 shares of the financial services provider’s stock worth $193,000 after purchasing an additional 1,903 shares during the period. 25.57% of the stock is owned by institutional investors.

Royce Value Trust Stock Up 0.7 %

Shares of RVT stock opened at $14.34 on Tuesday. Royce Value Trust Inc. has a one year low of $13.78 and a one year high of $16.93. The stock has a fifty day moving average price of $15.71 and a 200 day moving average price of $15.75.

Royce Value Trust Cuts Dividend

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

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.