SeaCrest Wealth Management LLC Sells 67,610 Shares of Royce Value Trust Inc. (NYSE:RVT)

SeaCrest Wealth Management LLC trimmed its holdings in Royce Value Trust Inc. (NYSE:RVT) by 52.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 61,942 shares of the financial services provider’s stock after selling 67,610 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Royce Value Trust were worth $972,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Creative Planning raised its position in Royce Value Trust by 7.7% in the 3rd quarter. Creative Planning now owns 11,791 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 842 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Royce Value Trust in the third quarter worth about $78,000. Heritage Wealth Management Inc. purchased a new position in shares of Royce Value Trust in the second quarter worth about $662,000. Sanctuary Advisors LLC bought a new stake in shares of Royce Value Trust in the 2nd quarter valued at about $2,973,000. Finally, Cetera Investment Advisers boosted its holdings in Royce Value Trust by 3.2% during the 2nd quarter. Cetera Investment Advisers now owns 299,470 shares of the financial services provider’s stock valued at $4,333,000 after acquiring an additional 9,255 shares during the period. Hedge funds and other institutional investors own 25.57% of the company’s stock.

Insider Buying and Selling

In other news, President Christopher D. Clark purchased 3,400 shares of the business’s stock in a transaction on Friday, August 16th. The shares were acquired at an average price of $15.20 per share, with a total value of $51,680.00. Following the acquisition, the president now directly owns 36,057 shares in the company, valued at approximately $548,066.40. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is owned by insiders.

Royce Value Trust Stock Performance

RVT opened at $15.91 on Thursday. Royce Value Trust Inc. has a 1 year low of $11.85 and a 1 year high of $16.16. The stock’s 50 day simple moving average is $15.29 and its 200 day simple moving average is $14.92.

Royce Value Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 13th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 7.04%. 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.