Quent Capital LLC acquired a new stake in shares of Royce Value Trust Inc. (NYSE:RVT – Free Report) during the first quarter, according to its most recent filing with the SEC. The company acquired 2,522 shares of the financial services provider’s stock valued at approximately $38,000.
A number of other hedge funds have also recently bought and sold shares of RVT. Raymond James & Associates increased its stake in shares of Royce Value Trust by 1.9% in the first quarter. Raymond James & Associates now owns 1,710,322 shares of the financial services provider’s stock worth $25,946,000 after acquiring an additional 32,501 shares during the same period. Raymond James Financial Services Advisors Inc. increased its stake in Royce Value Trust by 1.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,525,570 shares of the financial services provider’s stock worth $23,143,000 after acquiring an additional 19,092 shares during the same period. Cornerstone Advisors LLC increased its stake in shares of 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 valued at $13,669,000 after purchasing an additional 316,767 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Royce Value Trust by 10.3% in the 4th quarter. Stifel Financial Corp now owns 684,741 shares of the financial services provider’s stock valued at $9,970,000 after purchasing an additional 63,923 shares during the same period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Royce Value Trust by 2.0% in the first quarter. Janney Montgomery Scott LLC now owns 431,555 shares of the financial services provider’s stock valued at $6,547,000 after purchasing an additional 8,578 shares in the last quarter. 25.57% of the shares are currently owned by institutional investors.
Royce Value Trust trading up 0.4%
NYSE RVT rose $0.06 during trading hours on Tuesday, reaching $14.46. The company’s shares had a trading volume of 22,706 shares, compared to its average volume of 213,029 shares. The stock has a 50-day moving average of $14.61 and a 200-day moving average of $14.49. 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. The ex-dividend date was Thursday, June 13th. This represents an annualized dividend of $1.12 and a dividend yield of 7.75%. This is an increase from Royce Value Trust’s previous quarterly dividend of $0.27.
About Royce Value Trust
(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.
Selected items
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