Concorde Asset Management LLC Raises Stock Holdings in Royce Value Trust Inc. (NYSE:RVT)

Posted by Michael Baxter on Nov 22nd, 2024

Concorde Asset Management LLC boosted its stake in Royce Value Trust Inc. (NYSE:RVT – Free Report) by 19.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,492 shares of the financial services provider’s stock after buying an additional 5,444 shares during the period. Concorde Asset Management LLC’s holdings in Royce Value Trust were worth $526,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new position in Royce Value Trust in the 3rd quarter valued at about $78,000. J.W. Cole Advisors Inc. acquired a new position in Royce Value Trust in the 2nd quarter valued at about $145,000. Calamos Advisors LLC acquired a new position in Royce Value Trust in the 2nd quarter valued at about $155,000. Creative Planning grew its position in Royce Value Trust by 7.7% in the 3rd quarter. Creative Planning now owns 11,791 shares of the financial services provider’s stock valued at $185,000 after acquiring an additional 842 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. acquired a new position in Royce Value Trust in the 3rd quarter valued at about $200,000. 25.57% of the stock is owned by institutional investors and hedge funds.

Royce Value Trust Stock Up 1.9 %

NYSE RVT opened at $16.23 on Friday. The stock has a 50-day moving average of $15.65 and a two-hundred day moving average of $15.17. Royce Value Trust Inc. has a 1-year low of $13.11 and a 1-year high of $16.93.

Royce Value Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 13th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date of this dividend was Friday, September 13th.

Royce Value Trust Company Profile

(Free Report)

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.