Beacon Financial Advisory LLC Grows Stake in Royce Value Trust Inc. (NYSE:RVT)

Beacon Financial Advisory LLC lifted its stake in Royce Value Trust Inc. (NYSE:RVT) by 23.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 16,397 shares of the financial services provider’s stock after buying an additional 3,069 shares during the quarter. Beacon Financial Advisory LLC’s holdings in Royce Value Trust were worth $259,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers boosted its stake in Royce Value Trust by 3.2% during the 2nd quarter. Cetera Investment Advisers now owns 299,470 shares of the financial services provider’s stock valued at $4,333,000 after purchasing an additional 9,255 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Royce Value Trust during the third quarter valued at $78,000. Creative Planning boosted its position in shares of Royce Value Trust by 7.7% during the third quarter. Creative Planning now owns 11,791 shares of the financial services provider’s stock valued at $185,000 after buying an additional 842 shares during the last quarter. Raymond James & Associates increased its holdings in Royce Value Trust by 5.5% in the 3rd quarter. Raymond James & Associates now owns 1,502,749 shares of the financial services provider’s stock worth $23,593,000 after buying an additional 78,601 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Royce Value Trust by 14.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 386,499 shares of the financial services provider’s stock worth $6,068,000 after buying an additional 48,700 shares during the last quarter. Institutional investors own 25.57% of the company’s stock.

Royce Value Trust Stock Up 0.7 %

Shares of NYSE RVT opened at $16.36 on Friday. The firm’s 50-day moving average price is $16.13 and its 200-day moving average price is $15.73. Royce Value Trust Inc. has a 52-week low of $13.78 and a 52-week high of $16.93.

Royce Value Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 12th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 10.76%. The ex-dividend date was Thursday, December 12th.

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.