Atlantic Union Bankshares Corp Trims Stock Holdings in Royce Value Trust Inc. (NYSE:RVT)

Atlantic Union Bankshares Corp reduced its position in Royce Value Trust Inc. (NYSE:RVT) by 14.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,126 shares of the financial services provider’s stock after selling 18,051 shares during the quarter. Atlantic Union Bankshares Corp owned about 0.09% of Royce Value Trust worth $1,564,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cornerstone Advisors LLC raised its position in Royce Value Trust by 50.9% in the 4th quarter. Cornerstone Advisors LLC now owns 938,773 shares of the financial services provider’s stock valued at $13,669,000 after purchasing an additional 316,767 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Royce Value Trust by 1,519.3% during the fourth quarter. International Assets Investment Management LLC now owns 312,923 shares of the financial services provider’s stock worth $4,556,000 after buying an additional 293,599 shares during the last quarter. AQR Arbitrage LLC grew its holdings in shares of Royce Value Trust by 130.7% during the third quarter. AQR Arbitrage LLC now owns 397,112 shares of the financial services provider’s stock worth $5,111,000 after buying an additional 224,945 shares during the last quarter. 1607 Capital Partners LLC increased its position in Royce Value Trust by 182.9% in the 3rd quarter. 1607 Capital Partners LLC now owns 217,402 shares of the financial services provider’s stock valued at $2,798,000 after acquiring an additional 140,548 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in Royce Value Trust by 39.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 423,062 shares of the financial services provider’s stock valued at $6,160,000 after acquiring an additional 120,150 shares during the last quarter. 25.57% of the stock is owned by institutional investors and hedge funds.

Royce Value Trust Trading Up 0.5 %

Shares of RVT stock opened at $14.47 on Friday. The business’s 50 day moving average is $14.59 and its two-hundred day moving average is $14.47. Royce Value Trust Inc. has a twelve month low of $11.85 and a twelve month high of $15.24.

Royce Value Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Thursday, June 13th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 7.74%. The ex-dividend date was Thursday, June 13th. This is a boost from Royce Value Trust’s previous quarterly dividend of $0.27.

Royce Value Trust 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.