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

Hennion & Walsh Asset Management Inc. lifted its stake in shares of Royce Value Trust Inc. (NYSE:RVT) by 106.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,470 shares of the financial services provider’s stock after purchasing an additional 17,791 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Royce Value Trust were worth $523,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Principal Securities Inc. acquired a new position in Royce Value Trust during the fourth quarter worth $48,000. Pingora Partners LLC acquired a new position in shares of Royce Value Trust during the 4th quarter valued at about $54,000. Future Financial Wealth Managment LLC acquired a new position in shares of Royce Value Trust during the 1st quarter valued at about $76,000. Allworth Financial LP purchased a new stake in shares of Royce Value Trust in the fourth quarter valued at about $153,000. Finally, SignalPoint Asset Management LLC acquired a new stake in Royce Value Trust during the first quarter worth about $162,000. 25.57% of the stock is currently owned by hedge funds and other institutional investors.

Royce Value Trust Trading Up 0.8 %

NYSE:RVT opened at $14.40 on Wednesday. The company’s 50-day moving average is $14.60 and its two-hundred day moving average is $14.49. Royce Value Trust Inc. has a 1-year low of $11.85 and a 1-year high of $15.24.

Royce Value Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Thursday, June 13th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 7.78%. This is a positive change from Royce Value Trust’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Thursday, June 13th.

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.