Tradition Wealth Management LLC Lowers Stock Holdings in Royce Value Trust Inc. (NYSE:RVT)

Tradition Wealth Management LLC cut its stake in shares of Royce Value Trust Inc. (NYSE:RVT) by 11.5% in the 3rd quarter, Holdings Channel reports. The fund owned 19,053 shares of the financial services provider’s stock after selling 2,478 shares during the quarter. Tradition Wealth Management LLC’s holdings in Royce Value Trust were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Concorde Asset Management LLC increased its holdings in shares of Royce Value Trust by 19.4% in the third quarter. Concorde Asset Management LLC now owns 33,492 shares of the financial services provider’s stock valued at $526,000 after purchasing an additional 5,444 shares during the period. Prospera Financial Services Inc lifted its holdings in shares of Royce Value Trust by 1.7% during the third quarter. Prospera Financial Services Inc now owns 48,547 shares of the financial services provider’s stock worth $762,000 after purchasing an additional 800 shares during the period. Nations Financial Group Inc. IA ADV purchased a new position in Royce Value Trust in the 3rd quarter valued at $739,000. Atria Investments Inc increased its stake in Royce Value Trust by 2.4% in the 3rd quarter. Atria Investments Inc now owns 95,600 shares of the financial services provider’s stock valued at $1,501,000 after buying an additional 2,246 shares during the period. Finally, Beacon Financial Advisory LLC raised its position in Royce Value Trust by 5.8% during the 3rd quarter. Beacon Financial Advisory LLC now owns 13,328 shares of the financial services provider’s stock worth $209,000 after buying an additional 734 shares during the last quarter. 25.57% of the stock is owned by institutional investors and hedge funds.

Royce Value Trust Stock Performance

RVT stock opened at $16.65 on Monday. The company has a fifty day moving average of $15.84 and a 200-day moving average of $15.26. Royce Value Trust Inc. has a one year low of $13.24 and a one year high of $16.93.

Royce Value Trust Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 6.73%. The ex-dividend date of this dividend was Friday, September 13th.

Royce Value Trust Company 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.