PNC Financial Services Group Inc. increased its position in Royce Value Trust Inc. (NYSE:RVT – Free Report) by 9.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC) on Form 13F. The institutional investor owned 28,511 shares of the financial services provider after purchasing an additional 2,365 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Royce Value Trust were worth $415,000, according to the company’s most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of RVT. Abel Hall LLC acquired a new stake in shares of Royce Value Trust in the 4th quarter valued at $291,000. Bulldog Investors LLP increased its stake in Royce Value Trust by 174.5% in the 4th quarter. Bulldog Investors LLP now owns 83,173 shares of the financial services provider’s stock valued at $1,211,000 after buying an additional 52,873 shares in the last quarter. Karpus Management Inc. increased its position in Royce Value Trust by 40.9% in the 4th quarter. Karpus Management Inc. now owns 200,510 shares of the financial services provider’s stock valued at $2,919,000 after buying an additional 58,242 shares during the same period. Oppenheimer & Co. Inc. increased its stake in shares of Royce Value Trust by 3.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 154,549 shares of the financial services provider’s stock valued at $2,250,000 after purchasing an additional 5,474 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC increased its holdings in shares of Royce Value Trust by 24.7% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 20,708 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 4,103 shares during the same period. 25.57% of the shares are currently owned by institutional investors.
Royce Value Trust share price development
NYSE RVT opened at $14.47 on Friday. The stock has a 50-day moving average of $14.59 and a 200-day moving average of $14.47. Royce Value Trust Inc. has a 1-year low of $11.85 and a 1-year 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 yield of 7.74%. This is an increase from Royce Value Trust’s previous quarterly dividend of $0.27.
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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