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National Asset Management Inc. Reduces Stake in Royce Value Trust Inc. (NYSE:RVT)

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National Asset Management Inc. lowered its holdings in Royce Value Trust Inc. (NYSE:RVTGet Rating) by 3.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 21,503 shares of the financial services provider’s stock after selling 700 shares during the quarter. National Asset Management Inc.’s holdings in Royce Value Trust were worth $366,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its stake in Royce Value Trust by 11.1% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 69,107 shares of the financial services provider’s stock worth $1,174,000 after buying an additional 6,919 shares during the last quarter. Focused Wealth Management Inc purchased a new position in Royce Value Trust during the 1st quarter worth approximately $1,300,000. All Season Financial Advisors Inc. grew its stake in Royce Value Trust by 16.2% during the 1st quarter. All Season Financial Advisors Inc. now owns 30,426 shares of the financial services provider’s stock worth $517,000 after buying an additional 4,250 shares during the last quarter. Accel Wealth Management grew its stake in Royce Value Trust by 2.9% during the 1st quarter. Accel Wealth Management now owns 102,582 shares of the financial services provider’s stock worth $1,754,000 after buying an additional 2,856 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in Royce Value Trust by 18.8% during the 1st quarter. Stratos Wealth Partners LTD. now owns 58,998 shares of the financial services provider’s stock worth $1,002,000 after buying an additional 9,342 shares during the last quarter. Hedge funds and other institutional investors own 26.59% of the company’s stock.

Royce Value Trust Stock Performance

NYSE:RVT opened at $15.82 on Friday. The stock’s 50 day moving average price is $14.71 and its 200 day moving average price is $16.00. Royce Value Trust Inc. has a 52-week low of $13.35 and a 52-week high of $20.00.

Royce Value Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Monday, June 13th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, June 10th. This represents a $1.40 dividend on an annualized basis and a yield of 8.85%.

Royce Value Trust Profile

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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.

See Also

Want to see what other hedge funds are holding RVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royce Value Trust Inc. (NYSE:RVTGet Rating).

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