Oppenheimer & Co. Inc. increased its holdings in Royce Value Trust Inc. (NYSE:RVT – Free Report) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 157,553 shares of the financial services provider after purchasing an additional 3,004 shares during the same period. Oppenheimer & Co. Inc. owned about 0.14% of Royce Value Trust worth $2,390,000, according to its most recent disclosure with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the company. Quent Capital LLC acquired a new position in Royce Value Trust in the 1st quarter valued at about $38,000. Principal Securities Inc. acquired a new stake in Royce Value Trust in the fourth quarter valued at about $48,000. Salomon & Ludwin LLC acquired a new stake in Royce Value Trust in the first quarter valued at about $50,000. Pingora Partners LLC acquired a new stake in Royce Value Trust in the fourth quarter valued at about $54,000. Finally, Future Financial Wealth Management LLC acquired a new stake in Royce Value Trust in the first quarter valued at about $76,000. 25.57% of the shares are currently owned by institutional investors and hedge funds.
Royce Value Trust share price development
NYSE RVT opened at $15.10 on Friday. The company has a 50-day moving average of $14.65 and a 200-day moving average of $14.50. Royce Value Trust Inc. has a 12-month low of $11.85 and a 12-month high of $15.24.
Royce Value Trust increases dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Thursday, June 13th were given a dividend of $0.28 per share. This represents a positive change from Royce Value Trust’s previous quarterly dividend of $0.27. This represents an annualized dividend of $1.12 and a dividend yield of 7.42%. The ex-dividend date of this dividend was Thursday, June 13th.
Royce Value Trust Company Profile
(Free report)
Royce Value Trust Inc is a closed-end equity fund created and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund diversifies its investments across diversified sectors. It invests in value-oriented stocks of small-cap and micro-cap companies.
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