HighTower Advisors LLC Raises Holdings in Royce Value Trust Inc. (NYSE:RVT)

HighTower Advisors LLC boosted its stake in shares of Royce Value Trust Inc. (NYSE:RVT – Get Rating) by 358.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,289 shares of the financial services provider’s stock after purchasing an additional 113,579 shares during the quarter. HighTower Advisors LLC owned approximately 0.13% of Royce Value Trust worth $1,929,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its holdings in shares of Royce Value Trust by 103.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 47,563 shares of the financial services provider’s stock valued at $808,000 after acquiring an additional 24,155 shares during the last quarter. Raymond James Trust N.A. increased its holdings in shares of Royce Value Trust by 10.2% in the 1st quarter. Raymond James Trust N.A. now owns 51,771 shares of the financial services provider’s stock valued at $880,000 after acquiring an additional 4,800 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Royce Value Trust by 2.6% in the 1st quarter. Cetera Investment Advisers now owns 30,216 shares of the financial services provider’s stock valued at $513,000 after acquiring an additional 761 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Royce Value Trust by 12.1% in the 1st quarter. Baird Financial Group Inc. now owns 138,756 shares of the financial services provider’s stock valued at $2,357,000 after acquiring an additional 15,023 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Royce Value Trust by 56.4% in the 1st quarter. NewEdge Advisors LLC now owns 35,019 shares of the financial services provider’s stock valued at $595,000 after acquiring an additional 12,625 shares during the last quarter. Hedge funds and other institutional investors own 23.06% of the company’s stock.

Royce Value Trust Trading Down 1.5 %

RVT opened at $12.67 on Thursday. Royce Value Trust Inc. has a one year low of $12.24 and a one year high of $16.51. The business’s 50-day simple moving average is $12.99 and its 200-day simple moving average is $13.78.

Royce Value Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Monday, March 13th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, March 10th. This represents a $1.08 dividend on an annualized basis and a yield of 8.52%.

Royce Value Trust Profile

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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.