Polar Asset Management Partners Inc. Makes New $1.18 Million Investment in Royce Value Trust Inc. (NYSE:RVT)

Polar Asset Management Partners Inc. purchased a new position in shares of Royce Value Trust Inc. (NYSE:RVT) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 75,192 shares of the financial services provider’s stock, valued at approximately $1,181,000.

Other hedge funds have also recently made changes to their positions in the company. Stolper Co boosted its holdings in Royce Value Trust by 1.5% during the 2nd quarter. Stolper Co now owns 46,475 shares of the financial services provider’s stock valued at $672,000 after acquiring an additional 707 shares during the period. 9258 Wealth Management LLC lifted its position in Royce Value Trust by 1.4% in the second quarter. 9258 Wealth Management LLC now owns 53,052 shares of the financial services provider’s stock valued at $768,000 after purchasing an additional 729 shares during the last quarter. Beacon Financial Advisory LLC lifted its position in Royce Value Trust by 5.8% in the third quarter. Beacon Financial Advisory LLC now owns 13,328 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 734 shares during the last quarter. Prospera Financial Services Inc boosted its stake in shares of Royce Value Trust by 1.7% during the third quarter. Prospera Financial Services Inc now owns 48,547 shares of the financial services provider’s stock valued at $762,000 after purchasing an additional 800 shares during the period. Finally, Focused Wealth Management Inc grew its holdings in shares of Royce Value Trust by 1.6% in the third quarter. Focused Wealth Management Inc now owns 53,674 shares of the financial services provider’s stock worth $843,000 after purchasing an additional 827 shares during the last quarter. 25.57% of the stock is currently owned by institutional investors.

Royce Value Trust Trading Down 0.9 %

NYSE:RVT opened at $16.72 on Friday. The company has a fifty day moving average of $15.94 and a 200 day moving average of $15.31. Royce Value Trust Inc. has a 52 week low of $13.24 and a 52 week high of $16.93.

Royce Value Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 10.53%. The ex-dividend date of this dividend is Thursday, December 12th.

About Royce Value Trust

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.