Modern Wealth Management LLC Makes New $8.72 Million Investment in Royce Value Trust Inc. (NYSE:RVT)

Modern Wealth Management LLC purchased a new stake in Royce Value Trust Inc. (NYSE:RVT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 538,791 shares of the financial services provider’s stock, valued at approximately $8,718,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Benjamin Edwards Inc. acquired a new position in Royce Value Trust in the 3rd quarter valued at $1,505,000. Stifel Financial Corp grew its position 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 purchasing an additional 70,449 shares during the last quarter. Janney Montgomery Scott LLC increased 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 worth $6,949,000 after purchasing an additional 11,777 shares during the period. Polar Asset Management Partners Inc. acquired a new position in shares of Royce Value Trust during the 3rd quarter worth about $1,181,000. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in 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 purchasing an additional 33,307 shares during the period. 25.57% of the stock is currently owned by institutional investors and hedge funds.

Royce Value Trust Stock Up 1.5 %

RVT opened at $14.71 on Tuesday. Royce Value Trust Inc. has a 12-month low of $13.78 and a 12-month high of $16.93. The stock’s 50 day moving average price is $15.59 and its two-hundred day moving average price is $15.73.

Royce Value Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Thursday, March 13th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 8.16%. The ex-dividend date of this dividend is Thursday, March 13th.

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.