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

Lazard Asset Management LLC boosted its position in Royce Value Trust Inc. (NYSE:RVT) by 62.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384,792 shares of the financial services provider’s stock after purchasing an additional 147,935 shares during the quarter. Lazard Asset Management LLC owned about 0.34% of Royce Value Trust worth $5,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of RVT. FCA Corp TX increased its holdings in shares of Royce Value Trust by 7.2% in the fourth quarter. FCA Corp TX now owns 13,172 shares of the financial services provider’s stock worth $192,000 after purchasing an additional 879 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Royce Value Trust by 1.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 64,918 shares of the financial services provider’s stock worth $945,000 after acquiring an additional 944 shares during the last quarter. 9258 Wealth Management LLC raised its holdings in shares of Royce Value Trust by 2.0% in the 4th quarter. 9258 Wealth Management LLC now owns 51,857 shares of the financial services provider’s stock valued at $755,000 after acquiring an additional 1,034 shares in the last quarter. Stolper Co boosted its position in shares of Royce Value Trust by 2.4% during the 1st quarter. Stolper Co now owns 45,768 shares of the financial services provider’s stock valued at $694,000 after acquiring an additional 1,056 shares during the last quarter. Finally, Accel Wealth Management grew its holdings in shares of Royce Value Trust by 1.2% during the first quarter. Accel Wealth Management now owns 120,848 shares of the financial services provider’s stock worth $1,833,000 after purchasing an additional 1,384 shares in the last quarter. 25.57% of the stock is owned by institutional investors.

Royce Value Trust Stock Performance

RVT stock opened at $15.80 on Monday. The company’s 50 day moving average is $14.79 and its 200 day moving average is $14.59. Royce Value Trust Inc. has a 1-year low of $11.85 and a 1-year high of $15.98.

Royce Value Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Thursday, June 13th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date was Thursday, June 13th. This is a boost from Royce Value Trust’s previous quarterly dividend of $0.27.

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.