Kennedy Investment Group Cuts Stock Holdings in Royce Value Trust Inc. (NYSE:RVT)

Kennedy Investment Group cut its stake in Royce Value Trust Inc. (NYSE:RVT) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,594 shares of the financial services provider’s stock after selling 976 shares during the period. Kennedy Investment Group owned 0.07% of Royce Value Trust worth $1,321,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of RVT. Future Financial Wealth Managment LLC purchased a new stake in shares of Royce Value Trust during the third quarter worth $78,000. Creative Planning increased its stake in shares of Royce Value Trust by 7.7% during the third quarter. Creative Planning now owns 11,791 shares of the financial services provider’s stock worth $185,000 after buying an additional 842 shares during the period. EP Wealth Advisors LLC purchased a new position in Royce Value Trust in the third quarter valued at approximately $188,000. B&L Asset Management LLC purchased a new position in shares of Royce Value Trust during the third quarter worth approximately $190,000. Finally, Cutter & CO Brokerage Inc. purchased a new position in shares of Royce Value Trust during the third quarter worth approximately $200,000. 25.57% of the stock is currently owned by institutional investors and hedge funds.

Royce Value Trust Stock Performance

Shares of RVT opened at $16.23 on Wednesday. The company’s 50 day simple moving average is $16.16 and its 200-day simple moving average is $15.70. Royce Value Trust Inc. has a 12-month low of $13.78 and a 12-month high of $16.93.

Royce Value Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 12th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 10.84%. The ex-dividend date of this dividend was Thursday, December 12th.

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.