Allspring Global Investments Holdings LLC Raises Stock Position in Royce Value Trust Inc. (NYSE:RVT)

Allspring Global Investments Holdings LLC lifted its stake in shares of Royce Value Trust Inc. (NYSE:RVT) by 39.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 423,062 shares of the financial services provider’s stock after acquiring an additional 120,150 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.38% of Royce Value Trust worth $6,160,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RVT. Wells Fargo & Company MN increased its position in shares of Royce Value Trust by 34.5% during the fourth quarter. Wells Fargo & Company MN now owns 1,909,326 shares of the financial services provider’s stock worth $25,318,000 after acquiring an additional 490,209 shares during the period. Captrust Financial Advisors increased its position in shares of Royce Value Trust by 1,989.9% during the third quarter. Captrust Financial Advisors now owns 324,923 shares of the financial services provider’s stock worth $4,078,000 after acquiring an additional 309,376 shares during the period. International Assets Investment Management LLC increased its position in shares of Royce Value Trust by 1,519.3% during the fourth quarter. International Assets Investment Management LLC now owns 312,923 shares of the financial services provider’s stock worth $4,556,000 after acquiring an additional 293,599 shares during the period. Cornerstone Advisors LLC increased its position in shares of Royce Value Trust by 84.4% during the third quarter. Cornerstone Advisors LLC now owns 622,006 shares of the financial services provider’s stock worth $8,005,000 after acquiring an additional 284,691 shares during the period. Finally, AQR Arbitrage LLC increased its position in shares of Royce Value Trust by 130.7% during the third quarter. AQR Arbitrage LLC now owns 397,112 shares of the financial services provider’s stock worth $5,111,000 after acquiring an additional 224,945 shares during the period. 25.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Royce Value Trust news, VP Francis D. Gannon acquired 2,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were purchased at an average cost of $14.76 per share, for a total transaction of $29,520.00. Following the completion of the purchase, the vice president now owns 2,000 shares in the company, valued at $29,520. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Royce Value Trust news, VP Francis D. Gannon acquired 2,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were purchased at an average cost of $14.76 per share, for a total transaction of $29,520.00. Following the completion of the purchase, the vice president now owns 2,000 shares in the company, valued at $29,520. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Christopher D. Clark acquired 3,300 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were acquired at an average price of $14.76 per share, for a total transaction of $48,708.00. Following the completion of the purchase, the president now owns 31,489 shares of the company’s stock, valued at approximately $464,777.64. The disclosure for this purchase can be found here. Insiders own 0.06% of the company’s stock.

Royce Value Trust Trading Up 0.2 %

NYSE RVT opened at $13.94 on Friday. The firm’s 50 day moving average price is $14.58 and its 200-day moving average price is $13.83. Royce Value Trust Inc. has a 52-week low of $11.85 and a 52-week high of $15.24.

Royce Value Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, March 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.75%.

Royce Value Trust Company 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.