Financial Advocates Investment Management Sells 3,967 Shares of Royce Value Trust Inc. (NYSE:RVT)

Financial Advocates Investment Management reduced its holdings in Royce Value Trust Inc. (NYSE:RVT) by 5.6% in the 3rd quarter, Holdings Channel reports. The fund owned 67,040 shares of the financial services provider’s stock after selling 3,967 shares during the quarter. Financial Advocates Investment Management’s holdings in Royce Value Trust were worth $1,053,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Bay Rivers Group grew its holdings in shares of Royce Value Trust by 26.5% during the third quarter. Bay Rivers Group now owns 27,663 shares of the financial services provider’s stock worth $434,000 after buying an additional 5,800 shares in the last quarter. Cutter & CO Brokerage Inc. bought a new position in shares of Royce Value Trust during the 3rd quarter worth approximately $200,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Royce Value Trust by 58.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 59,628 shares of the financial services provider’s stock valued at $936,000 after purchasing an additional 21,992 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Royce Value Trust by 1,603.2% during the third quarter. International Assets Investment Management LLC now owns 370,774 shares of the financial services provider’s stock worth $5,821,000 after purchasing an additional 349,005 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Royce Value Trust by 3.7% during the third quarter. Private Advisor Group LLC now owns 133,786 shares of the financial services provider’s stock worth $2,100,000 after purchasing an additional 4,829 shares during the last quarter. Institutional investors and hedge funds own 25.57% of the company’s stock.

Insider Buying and Selling at Royce Value Trust

In other news, President Christopher D. Clark acquired 3,400 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were purchased at an average cost of $15.20 per share, with a total value of $51,680.00. Following the acquisition, the president now directly owns 36,057 shares in the company, valued at $548,066.40. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.06% of the company’s stock.

Royce Value Trust Trading Up 0.1 %

RVT opened at $15.17 on Friday. The business’s 50-day simple moving average is $15.40 and its 200 day simple moving average is $14.98. Royce Value Trust Inc. has a 52-week low of $12.22 and a 52-week high of $16.16.

Royce Value Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were paid a $0.28 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.12 dividend on an annualized basis and a yield of 7.38%.

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.