Royce Value Trust Inc. (NYSE:RVT) Shares Purchased by Concorde Asset Management LLC

Concorde Asset Management LLC raised its position in Royce Value Trust Inc. (NYSE:RVT) by 19.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 33,492 shares of the financial services provider’s stock after purchasing an additional 5,444 shares during the period. Concorde Asset Management LLC’s holdings in Royce Value Trust were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates raised its stake in shares of Royce Value Trust by 5.5% during the third quarter. Raymond James & Associates now owns 1,502,749 shares of the financial services provider’s stock worth $23,593,000 after purchasing an additional 78,601 shares during the last quarter. Cornerstone Advisors LLC raised its stake in shares of Royce Value Trust by 62.0% during the second quarter. Cornerstone Advisors LLC now owns 734,489 shares of the financial services provider’s stock worth $10,628,000 after purchasing an additional 281,199 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its stake in shares of Royce Value Trust by 13.3% during the second quarter. Blue Bell Private Wealth Management LLC now owns 460,923 shares of the financial services provider’s stock worth $6,670,000 after purchasing an additional 54,097 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Royce Value Trust by 14.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 386,499 shares of the financial services provider’s stock worth $6,068,000 after purchasing an additional 48,700 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Royce Value Trust by 62.5% during the first quarter. Lazard Asset Management LLC now owns 384,792 shares of the financial services provider’s stock worth $5,837,000 after purchasing an additional 147,935 shares during the last quarter. Hedge funds and other institutional investors own 25.57% of the company’s stock.

Royce Value Trust Stock Performance

Royce Value Trust stock opened at $16.23 on Friday. Royce Value Trust Inc. has a 12 month low of $13.11 and a 12 month high of $16.93. The business has a 50 day simple moving average of $15.65 and a 200-day simple moving average of $15.17.

Royce Value Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date was Friday, September 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.