PKS Advisory Services LLC Buys New Holdings in Royce Value Trust Inc. (NYSE:RVT)

PKS Advisory Services LLC purchased a new position in Royce Value Trust Inc. (NYSE:RVT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,344 shares of the financial services provider’s stock, valued at approximately $306,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in Royce Value Trust in the 4th quarter valued at $48,539,000. LPL Financial LLC increased its holdings in shares of Royce Value Trust by 37.5% in the fourth quarter. LPL Financial LLC now owns 1,260,113 shares of the financial services provider’s stock worth $19,910,000 after purchasing an additional 343,597 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Royce Value Trust by 10.0% in the third quarter. Stifel Financial Corp now owns 775,846 shares of the financial services provider’s stock worth $12,181,000 after buying an additional 70,449 shares in the last quarter. Modern Wealth Management LLC bought a new position in Royce Value Trust during the fourth quarter valued at approximately $8,718,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Royce Value Trust by 2.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 439,830 shares of the financial services provider’s stock worth $6,949,000 after acquiring an additional 11,777 shares in the last quarter. Institutional investors own 25.57% of the company’s stock.

Royce Value Trust Stock Performance

Royce Value Trust stock opened at $14.70 on Wednesday. Royce Value Trust Inc. has a twelve month low of $13.78 and a twelve month high of $16.93. The company’s 50-day moving average price is $15.57 and its 200-day moving average price is $15.73.

Royce Value Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 8.16%.

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.