PNC Financial Services Group Inc. Acquires 2,719 Shares of Royce Value Trust Inc. (NYSE:RVT)

PNC Financial Services Group Inc. lifted its holdings in shares of Royce Value Trust Inc. (NYSE:RVT) by 27.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,688 shares of the financial services provider’s stock after purchasing an additional 2,719 shares during the period. PNC Financial Services Group Inc.’s holdings in Royce Value Trust were worth $200,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. B&L Asset Management LLC bought a new position in shares of Royce Value Trust during the 3rd quarter worth approximately $190,000. Benjamin Edwards Inc. acquired a new position in shares of Royce Value Trust during the 3rd quarter valued at $1,505,000. HighTower Advisors LLC boosted its stake in Royce Value Trust by 1.1% during the third quarter. HighTower Advisors LLC now owns 136,268 shares of the financial services provider’s stock worth $2,140,000 after acquiring an additional 1,480 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in Royce Value Trust in the third quarter worth $1,181,000. Finally, Stifel Financial Corp increased its stake in Royce Value Trust by 10.0% in the third quarter. Stifel Financial Corp now owns 775,846 shares of the financial services provider’s stock valued at $12,181,000 after purchasing an additional 70,449 shares in the last quarter. Institutional investors and hedge funds own 25.57% of the company’s stock.

Royce Value Trust Price Performance

RVT stock opened at $14.49 on Monday. The company’s 50-day moving average is $15.61 and its 200-day moving average is $15.73. Royce Value Trust Inc. has a 1 year low of $13.78 and a 1 year high of $16.93.

Royce Value Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 8.28%.

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.