International Assets Investment Management LLC Acquires 293,599 Shares of Royce Value Trust Inc. (NYSE:RVT)

International Assets Investment Management LLC raised its holdings in shares of Royce Value Trust Inc. (NYSE:RVT) by 1,519.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 312,923 shares of the financial services provider’s stock after purchasing an additional 293,599 shares during the quarter. International Assets Investment Management LLC’s holdings in Royce Value Trust were worth $4,556,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Wells Fargo & Company MN raised its stake in shares of Royce Value Trust by 34.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,909,326 shares of the financial services provider’s stock valued at $25,318,000 after acquiring an additional 490,209 shares during the period. Captrust Financial Advisors raised its stake in shares of Royce Value Trust by 1,989.9% in the third quarter. Captrust Financial Advisors now owns 324,923 shares of the financial services provider’s stock valued at $4,078,000 after acquiring an additional 309,376 shares during the period. Cornerstone Advisors LLC raised its stake in shares of Royce Value Trust by 84.4% in the third quarter. Cornerstone Advisors LLC now owns 622,006 shares of the financial services provider’s stock valued at $8,005,000 after acquiring an additional 284,691 shares during the period. AQR Arbitrage LLC raised its stake in shares of Royce Value Trust by 130.7% in the third quarter. AQR Arbitrage LLC now owns 397,112 shares of the financial services provider’s stock valued at $5,111,000 after acquiring an additional 224,945 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Royce Value Trust by 4.0% in the first quarter. Bank of America Corp DE now owns 4,394,743 shares of the financial services provider’s stock valued at $59,637,000 after acquiring an additional 168,048 shares during the period. Institutional investors own 25.57% of the company’s stock.

Royce Value Trust Price Performance

Shares of RVT opened at $13.98 on Wednesday. Royce Value Trust Inc. has a twelve month low of $11.85 and a twelve month high of $15.24. The company’s fifty day simple moving average is $14.59 and its 200-day simple moving average is $13.82.

Royce Value Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 7.73%. The ex-dividend date was Friday, March 8th.

Insider Buying and Selling

In related news, VP Francis D. Gannon purchased 2,000 shares of Royce Value Trust stock in a transaction that occurred on Thursday, March 21st. The shares were bought at an average price of $14.76 per share, with a total value of $29,520.00. Following the purchase, the vice president now directly owns 2,000 shares of the company’s stock, valued at approximately $29,520. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, President Christopher D. Clark purchased 3,300 shares of Royce Value Trust stock in a transaction that occurred on Thursday, March 21st. The shares were bought at an average price of $14.76 per share, with a total value of $48,708.00. Following the purchase, the president now directly owns 31,489 shares of the company’s stock, valued at approximately $464,777.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Francis D. Gannon purchased 2,000 shares of Royce Value Trust stock in a transaction that occurred on Thursday, March 21st. The stock was bought at an average cost of $14.76 per share, for a total transaction of $29,520.00. Following the purchase, the vice president now directly owns 2,000 shares in the company, valued at $29,520. The disclosure for this purchase can be found here. 0.06% of the stock is currently owned by insiders.

Royce Value Trust 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.