Advisors Asset Management Inc. Sells 5,658 Shares of Royce Value Trust Inc. (NYSE:RVT)

Posted by Donald Scott on Nov 20th, 2024

Advisors Asset Management Inc. decreased its stake in shares of Royce Value Trust Inc. (NYSE:RVT – Free Report) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 770,176 shares of the financial services provider’s stock after selling 5,658 shares during the period. Advisors Asset Management Inc.’s holdings in Royce Value Trust were worth $12,092,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new position in Royce Value Trust during the 3rd quarter valued at $78,000. J.W. Cole Advisors Inc. purchased a new position in Royce Value Trust during the second quarter worth about $145,000. Calamos Advisors LLC bought a new stake in Royce Value Trust in the 2nd quarter worth about $155,000. Creative Planning increased its stake in Royce Value Trust by 7.7% in the 3rd quarter. Creative Planning now owns 11,791 shares of the financial services provider’s stock valued at $185,000 after buying an additional 842 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. purchased a new stake in Royce Value Trust in the 3rd quarter valued at about $200,000. Institutional investors own 25.57% of the company’s stock.

Royce Value Trust Stock Performance

Shares of NYSE RVT opened at $15.96 on Wednesday. The stock’s 50 day moving average price is $15.60 and its 200-day moving average price is $15.16. Royce Value Trust Inc. has a twelve month low of $12.95 and a twelve month high of $16.93.

Royce Value Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were given a $0.28 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.12 annualized dividend and a yield of 7.02%.

About Royce Value Trust

(Free Report)

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.