Janney Montgomery Scott LLC Cuts Stake in Royce Value Trust Inc. (NYSE:RVT)

Posted by Defense World Staff on Jul 23rd, 2023

Janney Montgomery Scott LLC lowered its position in Royce Value Trust Inc. (NYSE:RVT – Free Report) by 13.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398,886 shares of the financial services provider’s stock after selling 61,806 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.37% of Royce Value Trust worth $5,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE boosted its stake in Royce Value Trust by 2.4% in the fourth quarter. Bank of America Corp DE now owns 4,226,695 shares of the financial services provider’s stock worth $56,046,000 after buying an additional 97,313 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Royce Value Trust by 34.5% in 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 buying an additional 490,209 shares in the last quarter. Raymond James & Associates lifted its position in Royce Value Trust by 1.3% in the first quarter. Raymond James & Associates now owns 1,812,913 shares of the financial services provider’s stock valued at $24,601,000 after purchasing an additional 23,426 shares during the last quarter. UBS Group AG lifted its position in Royce Value Trust by 5.0% in the first quarter. UBS Group AG now owns 1,659,989 shares of the financial services provider’s stock valued at $28,203,000 after purchasing an additional 78,783 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Royce Value Trust by 3.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,565,930 shares of the financial services provider’s stock valued at $21,250,000 after purchasing an additional 55,290 shares during the last quarter. Hedge funds and other institutional investors own 24.44% of the company’s stock.

Royce Value Trust Trading Down 0.4 %

Shares of RVT stock opened at $14.13 on Friday. Royce Value Trust Inc. has a fifty-two week low of $12.24 and a fifty-two week high of $16.51. The stock has a 50 day moving average price of $13.44 and a two-hundred day moving average price of $13.62.

Royce Value Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Monday, June 12th were given a $0.25 dividend. The ex-dividend date was Friday, June 9th. This represents a $1.00 annualized dividend and a yield of 7.08%.

About Royce Value Trust

(Free Report)

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.