Royce Value Trust Inc. (NYSE:RVT) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC lowered its stake in shares of Royce Value Trust Inc. (NYSE:RVT) by 14.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,878 shares of the financial services provider’s stock after selling 2,355 shares during the period. Apollon Wealth Management LLC’s holdings in Royce Value Trust were worth $218,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of RVT. Future Financial Wealth Managment LLC acquired a new stake in Royce Value Trust during the third quarter worth about $78,000. J.W. Cole Advisors Inc. purchased a new stake in Royce Value Trust in the 2nd quarter worth approximately $145,000. Calamos Advisors LLC acquired a new stake in shares of Royce Value Trust during the 2nd quarter worth approximately $155,000. Creative Planning increased its holdings in shares of Royce Value Trust by 7.7% during the 3rd quarter. Creative Planning now owns 11,791 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 842 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. acquired a new position in shares of Royce Value Trust in the 3rd quarter valued at $200,000. Institutional investors and hedge funds own 25.57% of the company’s stock.

Royce Value Trust Price Performance

Shares of NYSE RVT opened at $15.89 on Tuesday. The company’s fifty day moving average price is $15.58 and its 200 day moving average price is $15.15. Royce Value Trust Inc. has a 1 year low of $12.95 and a 1 year high of $16.93.

Royce Value Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 13th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 7.05%. The ex-dividend date was Friday, September 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.