B. Riley Wealth Advisors Inc. Buys 3,308 Shares of Royce Value Trust Inc. (NYSE:RVT)

B. Riley Wealth Advisors Inc. lifted its stake in Royce Value Trust Inc. (NYSE:RVT) by 21.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,825 shares of the financial services provider’s stock after purchasing an additional 3,308 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Royce Value Trust were worth $272,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Advisors Asset Management Inc. raised its stake in Royce Value Trust by 9.7% in the first quarter. Advisors Asset Management Inc. now owns 667,661 shares of the financial services provider’s stock worth $10,128,000 after buying an additional 59,308 shares in the last quarter. Bulldog Investors LLP raised its position in shares of Royce Value Trust by 174.5% in the 4th quarter. Bulldog Investors LLP now owns 83,173 shares of the financial services provider’s stock worth $1,211,000 after acquiring an additional 52,873 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Royce Value Trust by 20.3% in the 1st quarter. Cetera Investment Advisers now owns 290,215 shares of the financial services provider’s stock worth $4,403,000 after acquiring an additional 48,907 shares in the last quarter. Cetera Advisors LLC purchased a new position in shares of Royce Value Trust in the 1st quarter valued at approximately $4,003,000. Finally, Lazard Asset Management LLC boosted its position in shares of Royce Value Trust by 62.5% during the first quarter. Lazard Asset Management LLC now owns 384,792 shares of the financial services provider’s stock valued at $5,837,000 after purchasing an additional 147,935 shares in the last quarter. Institutional investors own 25.57% of the company’s stock.

Royce Value Trust Trading Up 1.0 %

RVT opened at $15.51 on Wednesday. The stock has a fifty day simple moving average of $15.20 and a two-hundred day simple moving average of $14.89. Royce Value Trust Inc. has a 12-month low of $11.85 and a 12-month high of $16.16.

Royce Value Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 13th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date of this dividend was Friday, September 13th.

Insider Buying and Selling

In other Royce Value Trust news, President Christopher D. Clark acquired 3,400 shares of the company’s stock in a transaction that occurred 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 completion of the purchase, the president now directly owns 36,057 shares of the company’s stock, valued at approximately $548,066.40. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.06% of the stock is owned by company insiders.

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.