Atlantic Union Bankshares Corp reduced its position in Royce Value Trust Inc. (NYSE:RVT – Free Report) by 14.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,126 shares of the financial services provider after selling 18,051 shares during the quarter. Atlantic Union Bankshares Corp owned about 0.09% of Royce Value Trust worth $1,564,000 at the end of the most recent reporting period.
Other major investors have also changed their hold on the company. Cornerstone Advisors LLC increased its stake in Royce Value Trust by 50.9% in the fourth quarter. Cornerstone Advisors LLC now owns 938,773 shares of the financial services provider’s stock worth $13,669,000 after buying an additional 316,767 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of financial services provider Royce Value Trust by 1,519.3% in the fourth quarter. International Assets Investment Management LLC now owns 312,923 shares of the financial services provider’s stock worth $4,556,000 after buying an additional 293,599 shares in the last quarter. AQR Arbitrage LLC increased its stake in shares of financial services provider 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 in the last quarter. 1607 Capital Partners LLC increased its stake in Royce Value Trust by 182.9% in the 3rd quarter. 1607 Capital Partners LLC now owns 217,402 shares of the financial services provider’s stock valued at $2,798,000 after acquiring an additional 140,548 shares during the same period. Finally, Allspring Global Investments Holdings LLC increased its stake in Royce Value Trust by 39.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 423,062 shares of the financial services provider’s stock valued at $6,160,000 after acquiring an additional 120,150 shares in the last quarter. 25.57% of the shares are owned by institutional investors and hedge funds.
Royce Value Trust trading up 0.5%
RVT shares opened at $14.47 on Friday. The company’s 50-day moving average is $14.59 and its 200-day moving average is $14.47. Royce Value Trust Inc. has a twelve-month low of $11.85 and a twelve-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. Shareholders of record on Thursday, June 13th were paid a dividend of $0.28. This represents a dividend of $1.12 on an annualized basis and a dividend yield of 7.74%. The ex-dividend date was Thursday, June 13th. This is an increase from Royce Value Trust’s previous quarterly dividend of $0.27.
Royce Value Trust 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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