Heritage Wealth Management Inc. acquired a new position in shares of Royce Value Trust Inc. (NYSE:RVT - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 46,191 shares of the financial services provider's stock, valued at approximately $662,000.
Several other large investors have also made changes to their positions in RVT. Quent Capital LLC acquired a new stake in Royce Value Trust during the first quarter worth about $38,000. ESL Trust Services LLC purchased a new stake in shares of Royce Value Trust during the 1st quarter worth about $39,000. Salomon & Ludwin LLC acquired a new stake in Royce Value Trust during the 1st quarter worth approximately $50,000. Future Financial Wealth Managment LLC purchased a new position in Royce Value Trust in the first quarter valued at approximately $76,000. Finally, J.W. Cole Advisors Inc. acquired a new position in Royce Value Trust during the second quarter valued at approximately $145,000. 25.57% of the stock is owned by hedge funds and other institutional investors.
RVT opened at $15.52 on Thursday. Royce Value Trust Inc. has a 52-week low of $11.85 and a 52-week high of $16.16. The company has a 50 day moving average of $15.22 and a two-hundred day moving average of $14.86.
The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.12 annualized dividend and a yield of 7.22%.
In related news, President Christopher D. Clark bought 3,400 shares of the firm's stock in a transaction dated Friday, August 16th. The stock was bought at an average price 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. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.06% of the stock is currently owned by corporate insiders.
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.
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