LPL Financial LLC Acquires 343,597 Shares of Royce Value Trust Inc. (NYSE:RVT)

LPL Financial LLC increased its holdings in shares of Royce Value Trust Inc. (NYSE:RVT) by 37.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,260,113 shares of the financial services provider’s stock after buying an additional 343,597 shares during the quarter. LPL Financial LLC’s holdings in Royce Value Trust were worth $19,910,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Royce Value Trust during the 4th quarter valued at approximately $48,539,000. Benjamin Edwards Inc. purchased a new position in Royce Value Trust in the third quarter valued at approximately $1,505,000. Steward Partners Investment Advisory LLC grew its holdings in Royce Value Trust by 123.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 166,040 shares of the financial services provider’s stock valued at $2,623,000 after purchasing an additional 91,586 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in Royce Value Trust in the third quarter worth $1,181,000. Finally, Stifel Financial Corp raised its stake in shares of Royce Value Trust by 10.0% in the third quarter. Stifel Financial Corp now owns 775,846 shares of the financial services provider’s stock valued at $12,181,000 after buying an additional 70,449 shares during the period. Hedge funds and other institutional investors own 25.57% of the company’s stock.

Royce Value Trust Stock Up 0.1 %

Shares of NYSE RVT opened at $14.27 on Tuesday. The business’s fifty day moving average price is $15.43 and its 200-day moving average price is $15.72. Royce Value Trust Inc. has a one year low of $13.78 and a one year high of $16.93.

Royce Value Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 8.41%.

About Royce Value Trust

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.