Royce Value Trust Inc. (NYSE:RVT) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its stake in shares of Royce Value Trust Inc. (NYSE:RVT) by 4.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 150,288 shares of the financial services provider’s stock after selling 6,954 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Royce Value Trust were worth $2,360,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new position in Royce Value Trust in the 3rd quarter worth $78,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Royce Value Trust during the second quarter worth about $145,000. Calamos Advisors LLC purchased a new stake in Royce Value Trust in the second quarter valued at approximately $155,000. Creative Planning increased its holdings 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 worth $185,000 after buying an additional 842 shares during the period. Finally, Cutter & CO Brokerage Inc. purchased a new position in Royce Value Trust during the 3rd quarter worth approximately $200,000. 25.57% of the stock is currently owned by institutional investors and hedge funds.

Royce Value Trust Stock Performance

Shares of NYSE RVT opened at $15.93 on Friday. The company has a 50 day simple moving average of $15.58 and a two-hundred day simple moving average of $15.14. Royce Value Trust Inc. has a 12 month low of $12.78 and a 12 month high of $16.93.

Royce Value Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 7.03%. The ex-dividend date of this dividend was Friday, September 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.