HighTower Advisors LLC Increases Stock Holdings in Royce Value Trust Inc. (NYSE:RVT)

HighTower Advisors LLC raised its holdings in Royce Value Trust Inc. (NYSE:RVT) by 1.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 136,268 shares of the financial services provider’s stock after buying an additional 1,480 shares during the quarter. HighTower Advisors LLC’s holdings in Royce Value Trust were worth $2,140,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Royce Value Trust during the third quarter worth $78,000. J.W. Cole Advisors Inc. purchased a new position in Royce Value Trust in the 2nd quarter worth $145,000. Calamos Advisors LLC purchased a new position in Royce Value Trust in the 2nd quarter worth $155,000. Creative Planning lifted its position in Royce Value Trust by 7.7% during the 3rd quarter. Creative Planning now owns 11,791 shares of the financial services provider’s stock worth $185,000 after acquiring an additional 842 shares during the period. Finally, B&L Asset Management LLC purchased a new stake in Royce Value Trust during the 3rd quarter valued at about $190,000. Institutional investors and hedge funds own 25.57% of the company’s stock.

Royce Value Trust Price Performance

Shares of RVT stock opened at $15.88 on Friday. Royce Value Trust Inc. has a fifty-two week low of $13.67 and a fifty-two week high of $16.93. The stock’s 50-day simple moving average is $16.05 and its 200-day simple moving average is $15.37.

Royce Value Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Thursday, December 12th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 11.08%. The ex-dividend date of this dividend is Thursday, December 12th.

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.