Envestnet Asset Management Inc. Buys 3,171 Shares of Royce Value Trust Inc. (NYSE:RVT)

Envestnet Asset Management Inc. grew its position in shares of Royce Value Trust Inc. (NYSE:RVT) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,491 shares of the financial services provider’s stock after buying an additional 3,171 shares during the period. Envestnet Asset Management Inc.’s holdings in Royce Value Trust were worth $561,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RVT. DAVENPORT & Co LLC purchased a new stake in Royce Value Trust during the fourth quarter valued at about $165,000. GWN Securities Inc. purchased a new stake in shares of Royce Value Trust during the 4th quarter valued at approximately $187,000. Atria Wealth Solutions Inc. boosted its holdings in Royce Value Trust by 18.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 12,230 shares of the financial services provider’s stock worth $193,000 after buying an additional 1,903 shares during the period. PNC Financial Services Group Inc. grew its stake in Royce Value Trust by 27.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,688 shares of the financial services provider’s stock valued at $200,000 after buying an additional 2,719 shares in the last quarter. Finally, Independent Advisor Alliance bought a new stake in Royce Value Trust during the 4th quarter valued at $218,000. Institutional investors own 25.57% of the company’s stock.

Royce Value Trust Stock Up 1.6 %

Royce Value Trust stock opened at $14.29 on Friday. Royce Value Trust Inc. has a one year low of $12.12 and a one year high of $16.93. The business has a fifty day moving average price of $14.04 and a 200-day moving average price of $15.36.

Royce Value Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 8.40%. The ex-dividend date was Thursday, March 13th.

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.