Waterfront Wealth Inc. Grows Holdings in Royce Value Trust Inc. (NYSE:RVT)

Waterfront Wealth Inc. increased its position in shares of Royce Value Trust Inc. (NYSE:RVT) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 243,202 shares of the financial services provider’s stock after purchasing an additional 5,987 shares during the quarter. Royce Value Trust makes up about 1.0% of Waterfront Wealth Inc.’s holdings, making the stock its 23rd biggest position. Waterfront Wealth Inc. owned approximately 0.22% of Royce Value Trust worth $3,541,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RVT. Chilton Capital Management LLC purchased a new position in Royce Value Trust in the first quarter valued at about $27,000. Money Concepts Capital Corp purchased a new position in Royce Value Trust in the fourth quarter valued at about $73,000. Great Valley Advisor Group Inc. purchased a new position in Royce Value Trust in the third quarter valued at about $130,000. Allworth Financial LP purchased a new position in Royce Value Trust in the fourth quarter valued at about $153,000. Finally, Susquehanna International Group LLP purchased a new position in Royce Value Trust in the first quarter valued at about $153,000. 25.57% of the stock is currently owned by hedge funds and other institutional investors.

Royce Value Trust Stock Down 0.4 %

RVT traded down $0.06 during midday trading on Wednesday, reaching $13.91. The company had a trading volume of 226,247 shares, compared to its average volume of 242,899. Royce Value Trust Inc. has a 12-month low of $11.85 and a 12-month high of $15.24. The business has a 50-day moving average price of $14.58 and a two-hundred day moving average price of $13.83.

Royce Value Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 7.76%. The ex-dividend date was Friday, March 8th.

Insider Buying and Selling at Royce Value Trust

In other Royce Value Trust news, VP Francis D. Gannon purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were bought at an average cost of $14.76 per share, for a total transaction of $29,520.00. Following the purchase, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $29,520. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Royce Value Trust news, VP Francis D. Gannon purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were bought at an average cost of $14.76 per share, for a total transaction of $29,520.00. Following the purchase, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $29,520. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Christopher D. Clark purchased 3,300 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average price of $14.76 per share, for a total transaction of $48,708.00. Following the completion of the purchase, the president now directly owns 31,489 shares in the company, valued at approximately $464,777.64. The disclosure for this purchase can be found here. Corporate insiders own 0.06% of the company’s stock.

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.