Creative Planning Buys 842 Shares of Royce Value Trust Inc. (NYSE:RVT)

Creative Planning boosted its stake in shares of Royce Value Trust Inc. (NYSE:RVT) by 7.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,791 shares of the financial services provider’s stock after purchasing an additional 842 shares during the period. Creative Planning’s holdings in Royce Value Trust were worth $185,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RVT. ESL Trust Services LLC purchased a new stake in shares of Royce Value Trust in the first quarter worth $39,000. Future Financial Wealth Managment LLC purchased a new position in shares of Royce Value Trust in the 3rd quarter worth $78,000. J.W. Cole Advisors Inc. purchased a new position in shares of Royce Value Trust in the 2nd quarter worth $145,000. Calamos Advisors LLC purchased a new position in shares of Royce Value Trust in the 2nd quarter worth $155,000. Finally, HBK Sorce Advisory LLC purchased a new position in shares of Royce Value Trust in the 1st quarter worth $211,000. Institutional investors own 25.57% of the company’s stock.

Royce Value Trust Stock Performance

Royce Value Trust stock opened at $16.90 on Tuesday. The firm has a 50-day moving average price of $15.44 and a 200-day moving average price of $15.07. Royce Value Trust Inc. has a 12-month low of $12.37 and a 12-month high of $16.92.

Royce Value Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors 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 yield of 6.63%.

Insider Activity at Royce Value Trust

In related news, President Christopher D. Clark acquired 3,400 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was bought at an average price of $15.20 per share, for a total transaction of $51,680.00. Following the acquisition, the president now directly owns 36,057 shares of the company’s stock, valued at $548,066.40. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.06% of the stock is currently owned by company insiders.

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.