Private Advisor Group LLC Buys 6,449 Shares of Royce Value Trust Inc (NYSE:RVT)

Private Advisor Group LLC grew its stake in Royce Value Trust Inc (NYSE:RVT) by 4.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,211 shares of the financial services provider’s stock after purchasing an additional 6,449 shares during the period. Private Advisor Group LLC owned approximately 0.14% of Royce Value Trust worth $1,796,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Boenning & Scattergood Inc. increased its stake in Royce Value Trust by 1.5% during the 2nd quarter. Boenning & Scattergood Inc. now owns 60,391 shares of the financial services provider’s stock worth $757,000 after buying an additional 894 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV raised its stake in shares of Royce Value Trust by 4.2% in the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 27,050 shares of the financial services provider’s stock valued at $339,000 after acquiring an additional 1,100 shares in the last quarter. Wedbush Securities Inc. raised its stake in Royce Value Trust by 2.4% in the second quarter. Wedbush Securities Inc. now owns 49,662 shares of the financial services provider’s stock valued at $623,000 after buying an additional 1,156 shares in the last quarter. 1776 Wealth LLC raised its stake in Royce Value Trust by 4.7% in the second quarter. 1776 Wealth LLC now owns 34,372 shares of the financial services provider’s stock valued at $431,000 after buying an additional 1,541 shares in the last quarter. Finally, Coastal Investment Advisors Inc. raised its stake in Royce Value Trust by 7.0% in the second quarter. Coastal Investment Advisors Inc. now owns 24,564 shares of the financial services provider’s stock valued at $308,000 after buying an additional 1,615 shares in the last quarter. 23.33% of the stock is owned by institutional investors and hedge funds.

Shares of RVT stock opened at $12.94 on Wednesday. The stock’s 50-day moving average is $13.42 and its two-hundred day moving average is $11.99. Royce Value Trust Inc has a 1 year low of $7.50 and a 1 year high of $15.34.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 7.73%. The ex-dividend date is Thursday, September 10th.

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.

Further Reading: Average Daily Trade Volume – What You Need to Know

Institutional Ownership by Quarter for Royce Value Trust (NYSE:RVT)

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