Lazard Asset Management LLC Sells 111,470 Shares of Royce Value Trust Inc (NYSE:RVT)

Lazard Asset Management LLC reduced its holdings in Royce Value Trust Inc (NYSE:RVT) by 15.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 632,965 shares of the financial services provider’s stock after selling 111,470 shares during the quarter. Lazard Asset Management LLC’s holdings in Royce Value Trust were worth $8,709,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC increased its position in Royce Value Trust by 11.0% in the 4th quarter. LPL Financial LLC now owns 157,194 shares of the financial services provider’s stock valued at $1,855,000 after acquiring an additional 15,539 shares during the period. Fort Washington Investment Advisors Inc. OH increased its position in Royce Value Trust by 10.2% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 45,547 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 4,200 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in Royce Value Trust in the 1st quarter valued at approximately $332,000. Janney Montgomery Scott LLC increased its position in Royce Value Trust by 14.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 300,359 shares of the financial services provider’s stock valued at $4,133,000 after acquiring an additional 36,861 shares during the period. Finally, Rothschild Investment Corp IL increased its position in Royce Value Trust by 2.1% in the 1st quarter. Rothschild Investment Corp IL now owns 224,399 shares of the financial services provider’s stock valued at $3,088,000 after acquiring an additional 4,537 shares during the period. Hedge funds and other institutional investors own 22.76% of the company’s stock.

Shares of NYSE RVT opened at $13.50 on Friday. Royce Value Trust Inc has a 52-week low of $10.94 and a 52-week high of $16.92.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Thursday, June 13th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 8.30%. The ex-dividend date is Wednesday, June 12th.

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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.

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Institutional Ownership by Quarter for Royce Value Trust (NYSE:RVT)

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