Comerica Bank Trims Stake in Royce Value Trust Inc. (NYSE:RVT)

Comerica Bank lessened its position in shares of Royce Value Trust Inc. (NYSE:RVT) by 2.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 93,172 shares of the financial services provider’s stock after selling 1,882 shares during the quarter. Comerica Bank owned about 0.08% of Royce Value Trust worth $1,472,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in RVT. Jaffetilchin Investment Partners LLC grew its position in shares of Royce Value Trust by 11.1% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 10,209 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 1,019 shares during the last quarter. DAVENPORT & Co LLC purchased a new position in Royce Value Trust during the 4th quarter worth $165,000. Keyes Stange & Wooten Wealth Management LLC acquired a new position in Royce Value Trust in the fourth quarter valued at $170,000. GWN Securities Inc. purchased a new stake in shares of Royce Value Trust in the fourth quarter valued at about $187,000. Finally, Canal Capital Management LLC acquired a new stake in shares of Royce Value Trust during the fourth quarter worth about $179,000. Institutional investors and hedge funds own 25.57% of the company’s stock.

Royce Value Trust Stock Performance

Shares of RVT stock opened at $14.40 on Friday. The stock’s 50-day moving average price is $13.96 and its 200 day moving average price is $15.31. Royce Value Trust Inc. has a 52-week low of $12.12 and a 52-week high of $16.93.

Royce Value Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.33%. The ex-dividend date was Thursday, March 13th.

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.