Atlantic Union Bankshares Corp Trims Stake in Royce Value Trust Inc. (NYSE:RVT)

Atlantic Union Bankshares Corp reduced its position in Royce Value Trust Inc. (NYSE:RVT) by 3.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 94,773 shares of the financial services provider’s stock after selling 3,759 shares during the period. Atlantic Union Bankshares Corp owned 0.08% of Royce Value Trust worth $1,497,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in RVT. Raymond James Financial Inc. purchased a new stake in Royce Value Trust during the 4th quarter valued at approximately $48,539,000. Stifel Financial Corp raised its stake in 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 valued at $12,181,000 after acquiring an additional 70,449 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in 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 valued at $6,949,000 after acquiring an additional 11,777 shares during the last quarter. Waterfront Wealth Inc. raised its stake in Royce Value Trust by 5.8% during the 4th quarter. Waterfront Wealth Inc. now owns 426,902 shares of the financial services provider’s stock valued at $6,745,000 after acquiring an additional 23,238 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in Royce Value Trust by 2.4% during the 4th quarter. D.A. Davidson & CO. now owns 223,093 shares of the financial services provider’s stock valued at $3,525,000 after acquiring an additional 5,149 shares during the last quarter. 25.57% of the stock is owned by hedge funds and other institutional investors.

Royce Value Trust Stock Up 0.5 %

RVT opened at $14.70 on Friday. The business has a 50 day moving average price of $15.88 and a two-hundred day moving average price of $15.79. Royce Value Trust Inc. has a 52 week low of $13.78 and a 52 week high of $16.93.

Royce Value Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 8.16%. The ex-dividend date is Thursday, March 13th.

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.