Hennion & Walsh Asset Management Inc. Increases Stock Position in Royce Value Trust Inc. (NYSE:RVT)

Hennion & Walsh Asset Management Inc. lifted its position in shares of Royce Value Trust Inc. (NYSE:RVT) by 58.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,628 shares of the financial services provider’s stock after buying an additional 21,992 shares during the period. Hennion & Walsh Asset Management Inc. owned approximately 0.05% of Royce Value Trust worth $936,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. International Assets Investment Management LLC increased its stake 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 acquiring an additional 349,005 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Royce Value Trust by 3.7% during the 3rd 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 period. Allspring Global Investments Holdings LLC grew its holdings in shares of Royce Value Trust by 14.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 386,499 shares of the financial services provider’s stock worth $6,068,000 after purchasing an additional 48,700 shares during the period. Raymond James & Associates increased its position in Royce Value Trust by 5.5% during the 3rd quarter. Raymond James & Associates now owns 1,502,749 shares of the financial services provider’s stock worth $23,593,000 after purchasing an additional 78,601 shares in the last quarter. Finally, Creative Planning raised its holdings in Royce Value Trust by 7.7% in the third quarter. Creative Planning now owns 11,791 shares of the financial services provider’s stock valued at $185,000 after buying an additional 842 shares during the period. 25.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, President Christopher D. Clark acquired 3,400 shares of the business’s stock in a transaction on Friday, August 16th. The shares were bought at an average cost of $15.20 per share, with a total value of $51,680.00. Following the completion of the transaction, the president now directly owns 36,057 shares of the company’s stock, valued at $548,066.40. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by corporate insiders.

Royce Value Trust Stock Down 0.1 %

Shares of RVT stock opened at $15.38 on Monday. Royce Value Trust Inc. has a fifty-two week low of $11.85 and a fifty-two week high of $16.16. The firm’s 50 day moving average price is $15.39 and its two-hundred day moving average price is $14.96.

Royce Value Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were issued a dividend of $0.28 per share. The ex-dividend date was Friday, September 13th. This represents a $1.12 annualized dividend and a dividend yield of 7.28%.

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.