Benjamin Edwards Inc. Has $1.41 Million Stake in Royce Value Trust Inc. (NYSE:RVT)

Benjamin Edwards Inc. lessened its holdings in shares of Royce Value Trust Inc. (NYSE:RVT) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,166 shares of the financial services provider’s stock after selling 6,693 shares during the period. Benjamin Edwards Inc. owned about 0.08% of Royce Value Trust worth $1,409,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Janney Montgomery Scott LLC boosted its stake in shares of Royce Value Trust by 2.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 439,830 shares of the financial services provider’s stock valued at $6,949,000 after buying an additional 11,777 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in shares of Royce Value Trust by 55.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 92,935 shares of the financial services provider’s stock valued at $1,468,000 after acquiring an additional 33,307 shares during the period. Atria Wealth Solutions Inc. grew its holdings in shares of Royce Value Trust by 18.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 12,230 shares of the financial services provider’s stock worth $193,000 after purchasing an additional 1,903 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of Royce Value Trust in the fourth quarter worth $185,000. Finally, PKS Advisory Services LLC bought a new stake in Royce Value Trust during the fourth quarter worth about $306,000. 25.57% of the stock is owned by institutional investors.

Royce Value Trust Price Performance

RVT stock opened at $14.17 on Thursday. The company’s 50-day moving average price is $13.98 and its two-hundred day moving average price is $15.32. Royce Value Trust Inc. has a 12 month low of $12.12 and a 12 month high of $16.93.

Royce Value Trust Cuts Dividend

The firm also recently declared 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 8.47%.

Royce Value Trust Company 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.