Royce Value Trust Inc. (NYSE:RVT) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lessened its holdings in shares of Royce Value Trust Inc. (NYSE:RVT) by 14.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,893 shares of the financial services provider’s stock after selling 4,852 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Royce Value Trust were worth $418,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Stolper Co boosted its stake in Royce Value Trust by 1.5% during the 2nd quarter. Stolper Co now owns 46,475 shares of the financial services provider’s stock worth $672,000 after purchasing an additional 707 shares during the last quarter. 9258 Wealth Management LLC boosted its position in shares of Royce Value Trust by 1.4% during the 2nd quarter. 9258 Wealth Management LLC now owns 53,052 shares of the financial services provider’s stock valued at $768,000 after acquiring an additional 729 shares during the last quarter. Accel Wealth Management boosted its position in shares of Royce Value Trust by 0.8% during the 2nd quarter. Accel Wealth Management now owns 121,778 shares of the financial services provider’s stock valued at $1,762,000 after acquiring an additional 930 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Royce Value Trust by 1.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 64,918 shares of the financial services provider’s stock valued at $945,000 after acquiring an additional 944 shares during the last quarter. Finally, HBK Sorce Advisory LLC boosted its position in shares of Royce Value Trust by 6.8% during the 2nd quarter. HBK Sorce Advisory LLC now owns 14,869 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 946 shares during the last quarter. Institutional investors and hedge funds own 25.57% of the company’s stock.

Insider Activity

In other news, President Christopher D. Clark purchased 3,400 shares of the stock in a transaction dated Friday, August 16th. The shares were purchased at an average price of $15.20 per share, with a total value of $51,680.00. Following the transaction, the president now owns 36,057 shares in the company, valued at approximately $548,066.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Royce Value Trust Price Performance

Shares of RVT stock opened at $15.55 on Friday. The company’s 50-day moving average price is $15.23 and its 200-day moving average price is $14.83. Royce Value Trust Inc. has a twelve month low of $11.85 and a twelve month high of $16.16.

Royce Value Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 13th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.12 annualized dividend and a dividend yield of 7.20%.

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.