Future Financial Wealth Managment LLC Acquires Shares of 5,000 Royce Value Trust Inc. (NYSE:RVT)

Future Financial Wealth Managment LLC bought a new position in Royce Value Trust Inc. (NYSE:RVT) in the first quarter, HoldingsChannel.com reports. The fund bought 5,000 shares of the financial services provider’s stock, valued at approximately $76,000.

Other large investors also recently modified their holdings of the company. Bulldog Investors LLP increased its position in Royce Value Trust by 174.5% in the fourth quarter. Bulldog Investors LLP now owns 83,173 shares of the financial services provider’s stock worth $1,211,000 after purchasing an additional 52,873 shares during the period. Cornerstone Advisors LLC boosted its stake in shares of Royce Value Trust by 50.9% in the 4th quarter. Cornerstone Advisors LLC now owns 938,773 shares of the financial services provider’s stock valued at $13,669,000 after purchasing an additional 316,767 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Royce Value Trust by 39.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 423,062 shares of the financial services provider’s stock worth $6,160,000 after buying an additional 120,150 shares during the period. International Assets Investment Management LLC raised its stake 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 buying an additional 293,599 shares during the last quarter. Finally, Karpus Management Inc. lifted its holdings in Royce Value Trust by 40.9% in the fourth quarter. Karpus Management Inc. now owns 200,510 shares of the financial services provider’s stock valued at $2,919,000 after buying an additional 58,242 shares during the period. 25.57% of the stock is currently owned by institutional investors and hedge funds.

Royce Value Trust Stock Down 0.6 %

Shares of RVT stock opened at $14.25 on Thursday. The firm’s 50 day moving average price is $14.57 and its two-hundred day moving average price is $14.47. Royce Value Trust Inc. has a 52-week low of $11.85 and a 52-week high of $15.24.

Royce Value Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Thursday, June 13th were paid a $0.28 dividend. The ex-dividend date was Thursday, June 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.86%. This is an increase from Royce Value Trust’s previous quarterly dividend of $0.27.

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.