Waterfront Wealth Inc. Buys 23,238 Shares of Royce Value Trust Inc. (NYSE:RVT)

Waterfront Wealth Inc. boosted its holdings in Royce Value Trust Inc. (NYSE:RVT) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 426,902 shares of the financial services provider’s stock after buying an additional 23,238 shares during the quarter. Royce Value Trust makes up about 1.6% of Waterfront Wealth Inc.’s holdings, making the stock its 10th largest position. Waterfront Wealth Inc. owned 0.37% of Royce Value Trust worth $6,745,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Raymond James & Associates grew its holdings 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 buying an additional 78,601 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Royce Value Trust by 10.0% during 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 during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Royce Value Trust by 2.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 439,830 shares of the financial services provider’s stock worth $6,949,000 after buying an additional 11,777 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings 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 buying an additional 48,700 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Royce Value Trust by 1,603.2% during the third quarter. International Assets Investment Management LLC now owns 370,774 shares of the financial services provider’s stock worth $5,821,000 after buying an additional 349,005 shares during the last quarter. Hedge funds and other institutional investors own 25.57% of the company’s stock.

Royce Value Trust Price Performance

NYSE RVT opened at $16.00 on Friday. Royce Value Trust Inc. has a 52-week low of $13.78 and a 52-week high of $16.93. The business’s 50-day moving average price is $16.02 and its 200 day moving average price is $15.77.

Royce Value Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 12th were given a $0.44 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a yield of 11.00%.

Royce Value Trust Company Profile

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.