HBK Sorce Advisory LLC Cuts Stock Position in Royce Value Trust Inc. (NYSE:RVT)

HBK Sorce Advisory LLC lessened its stake in shares of Royce Value Trust Inc. (NYSE:RVT) by 19.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,978 shares of the financial services provider’s stock after selling 4,338 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Royce Value Trust were worth $284,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Prospera Financial Services Inc raised its position in Royce Value Trust by 1.7% in the third quarter. Prospera Financial Services Inc now owns 48,547 shares of the financial services provider’s stock worth $762,000 after acquiring an additional 800 shares in the last quarter. Alexander Randolph Advisory Inc. raised its position in Royce Value Trust by 2.9% in the fourth quarter. Alexander Randolph Advisory Inc. now owns 30,963 shares of the financial services provider’s stock worth $489,000 after acquiring an additional 871 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in Royce Value Trust by 5.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 19,872 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 1,047 shares in the last quarter. Heritage Wealth Management Inc. raised its position in Royce Value Trust by 2.9% in the fourth quarter. Heritage Wealth Management Inc. now owns 46,668 shares of the financial services provider’s stock worth $737,000 after acquiring an additional 1,296 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in Royce Value Trust by 1.1% in 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. Hedge funds and other institutional investors own 25.57% of the company’s stock.

Royce Value Trust Trading Up 1.1 %

NYSE:RVT opened at $14.23 on Friday. The stock has a fifty day moving average price of $15.74 and a two-hundred day moving average price of $15.76. 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 announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 8.44%. The ex-dividend date is Thursday, March 13th.

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.