Karpus Management Inc. Reduces Stock Position in Royce Value Trust Inc. (NYSE:RVT)

Karpus Management Inc. trimmed its position in Royce Value Trust Inc. (NYSE:RVT) by 0.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,455 shares of the financial services provider’s stock after selling 1,055 shares during the period. Karpus Management Inc. owned about 0.18% of Royce Value Trust worth $3,026,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Bulldog Investors LLP lifted its stake in shares of Royce Value Trust by 174.5% during the fourth quarter. Bulldog Investors LLP now owns 83,173 shares of the financial services provider’s stock valued at $1,211,000 after buying an additional 52,873 shares during the period. Cornerstone Advisors LLC boosted its holdings in shares of Royce Value Trust by 50.9% during the fourth quarter. Cornerstone Advisors LLC now owns 938,773 shares of the financial services provider’s stock worth $13,669,000 after purchasing an additional 316,767 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Royce Value Trust by 39.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 423,062 shares of the financial services provider’s stock valued at $6,160,000 after purchasing an additional 120,150 shares during the period. International Assets Investment Management LLC increased its stake in Royce Value Trust by 1,519.3% in the fourth quarter. International Assets Investment Management LLC now owns 312,923 shares of the financial services provider’s stock valued at $4,556,000 after purchasing an additional 293,599 shares during the last quarter. Finally, Pingora Partners LLC purchased a new position in Royce Value Trust during the fourth quarter worth about $54,000. 25.57% of the stock is owned by institutional investors and hedge funds.

Royce Value Trust Stock Up 0.5 %

RVT traded up $0.09 during midday trading on Thursday, hitting $15.61. The company’s stock had a trading volume of 233,476 shares, compared to its average volume of 222,196. Royce Value Trust Inc. has a 52-week low of $11.85 and a 52-week high of $15.98. The firm has a 50-day moving average price of $14.77 and a two-hundred day moving average price of $14.57.

Royce Value Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Thursday, June 13th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 7.18%. This is an increase from Royce Value Trust’s previous quarterly dividend of $0.27. The ex-dividend date was Thursday, June 13th.

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.