Shaker Financial Services LLC Reduces Stock Position in Royce Value Trust Inc. (NYSE:RVT)

Shaker Financial Services LLC lessened its position in Royce Value Trust Inc. (NYSE:RVT) by 36.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 120,571 shares of the financial services provider’s stock after selling 67,685 shares during the period. Shaker Financial Services LLC owned 0.11% of Royce Value Trust worth $1,893,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of RVT. Beacon Financial Advisory LLC grew its position in shares of Royce Value Trust by 5.8% in the 3rd quarter. Beacon Financial Advisory LLC now owns 13,328 shares of the financial services provider’s stock worth $209,000 after buying an additional 734 shares during the last quarter. Focused Wealth Management Inc boosted its holdings in Royce Value Trust by 1.6% in the third quarter. Focused Wealth Management Inc now owns 53,674 shares of the financial services provider’s stock valued at $843,000 after acquiring an additional 827 shares in the last quarter. Whitener Capital Management Inc. boosted its holdings in Royce Value Trust by 5.4% in the third quarter. Whitener Capital Management Inc. now owns 46,762 shares of the financial services provider’s stock valued at $734,000 after acquiring an additional 2,387 shares in the last quarter. Bay Rivers Group raised its holdings in Royce Value Trust by 26.5% in the 3rd quarter. Bay Rivers Group now owns 27,663 shares of the financial services provider’s stock worth $434,000 after purchasing an additional 5,800 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. bought a new position in Royce Value Trust in the 3rd quarter worth $200,000. Hedge funds and other institutional investors own 25.57% of the company’s stock.

Royce Value Trust Stock Up 5.8 %

Shares of RVT opened at $16.31 on Thursday. Royce Value Trust Inc. has a 1-year low of $12.22 and a 1-year high of $16.33. The firm’s 50-day moving average price is $15.40 and its 200-day moving average price is $15.03.

Royce Value Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.87%.

Insider Transactions at Royce Value Trust

In other news, President Christopher D. Clark purchased 3,400 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average cost of $15.20 per share, for a total transaction 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. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.06% of the company’s stock.

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.