PNC Financial Services Group Inc. Increases Holdings in Royce Value Trust Inc. (NYSE:RVT)

PNC Financial Services Group Inc. boosted its position in Royce Value Trust Inc. (NYSE:RVT) by 9.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,511 shares of the financial services provider’s stock after buying an additional 2,365 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Royce Value Trust were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of RVT. Abel Hall LLC purchased a new stake in shares of Royce Value Trust in the 4th quarter valued at $291,000. Bulldog Investors LLP lifted its stake in Royce Value Trust by 174.5% in the fourth quarter. Bulldog Investors LLP now owns 83,173 shares of the financial services provider’s stock worth $1,211,000 after purchasing an additional 52,873 shares during the last quarter. Karpus Management Inc. boosted its position in Royce Value Trust by 40.9% during the fourth quarter. Karpus Management Inc. now owns 200,510 shares of the financial services provider’s stock valued at $2,919,000 after buying an additional 58,242 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of Royce Value Trust by 3.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 154,549 shares of the financial services provider’s stock valued at $2,250,000 after buying an additional 5,474 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC increased its holdings in shares of Royce Value Trust by 24.7% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 20,708 shares of the financial services provider’s stock worth $302,000 after buying an additional 4,103 shares during the period. 25.57% of the stock is currently owned by institutional investors.

Royce Value Trust Price Performance

NYSE RVT opened at $14.47 on Friday. The stock has a 50-day moving average of $14.59 and a 200-day moving average of $14.47. Royce Value Trust Inc. has a 1-year low of $11.85 and a 1-year high of $15.24.

Royce Value Trust Increases Dividend

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

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.