Royce Value Trust Inc. (NYSE:RVT) Stock Position Raised by Kovack Advisors Inc.

Posted by Logan Wallace on Jul 5th, 2024

Kovack Advisors Inc. lifted its holdings in shares of Royce Value Trust Inc. (NYSE:RVT – Free Report) by 58.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,374 shares of the financial services provider’s stock after buying an additional 6,011 shares during the period. Kovack Advisors Inc.’s holdings in Royce Value Trust were worth $248,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Principal Securities Inc. bought a new stake in shares of Royce Value Trust during the 4th quarter valued at about $48,000. Pingora Partners LLC acquired a new position in Royce Value Trust during the 4th quarter valued at about $54,000. Future Financial Wealth Managment LLC acquired a new position in Royce Value Trust during the 1st quarter valued at about $76,000. Allworth Financial LP acquired a new position in Royce Value Trust during the 4th quarter valued at about $153,000. Finally, SignalPoint Asset Management LLC acquired a new position in Royce Value Trust during the 1st quarter valued at about $162,000. Institutional investors own 25.57% of the company’s stock.

Royce Value Trust Price Performance

Royce Value Trust stock opened at $14.43 on Friday. The firm has a 50-day moving average price of $14.61 and a two-hundred day moving average price of $14.49. Royce Value Trust Inc. has a 52-week low of $11.85 and a 52-week high of $15.24.

Royce Value Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Thursday, June 13th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 7.76%. This is a positive change from Royce Value Trust’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Thursday, June 13th.

Royce Value Trust Profile

(Free Report)

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.