Shaker Financial Services LLC Lowers Holdings in Royce Value Trust Inc. (NYSE:RVT)

Shaker Financial Services LLC reduced its stake in Royce Value Trust Inc. (NYSE:RVT) by 36.0% during the third quarter, HoldingsChannel reports. The fund owned 120,571 shares of the financial services provider’s stock after selling 67,685 shares during the period. Shaker Financial Services LLC’s holdings in Royce Value Trust were worth $1,893,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of RVT. Stolper Co boosted its stake in Royce Value Trust by 1.5% during the 2nd quarter. Stolper Co now owns 46,475 shares of the financial services provider’s stock valued at $672,000 after purchasing an additional 707 shares during the last quarter. 9258 Wealth Management LLC boosted its position in shares of Royce Value Trust by 1.4% during the second quarter. 9258 Wealth Management LLC now owns 53,052 shares of the financial services provider’s stock valued at $768,000 after buying an additional 729 shares during the last quarter. Beacon Financial Advisory LLC increased its holdings in Royce Value Trust by 5.8% in the 3rd quarter. Beacon Financial Advisory LLC now owns 13,328 shares of the financial services provider’s stock worth $209,000 after buying an additional 734 shares in the last quarter. Focused Wealth Management Inc grew its stake in shares of Royce Value Trust by 1.6% in the third quarter. Focused Wealth Management Inc now owns 53,674 shares of the financial services provider’s stock worth $843,000 after acquiring an additional 827 shares during the period. Finally, Creative Planning raised its stake in Royce Value Trust by 7.7% during 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. 25.57% of the stock is currently owned by institutional investors.

Insider Activity at Royce Value Trust

In related news, President Christopher D. Clark bought 3,400 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average cost of $15.20 per share, with a total value of $51,680.00. Following the acquisition, the president now owns 36,057 shares in the company, valued at $548,066.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is currently owned by company insiders.

Royce Value Trust Price Performance

RVT stock opened at $16.31 on Thursday. The business’s 50-day moving average is $15.40 and its two-hundred day moving average is $15.03. Royce Value Trust Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $16.33.

Royce Value Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were given a dividend of $0.28 per share. The ex-dividend date was Friday, September 13th. This represents a $1.12 annualized dividend and a yield of 6.87%.

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.