Waterfront Wealth Inc. Buys 5,987 Shares of Royce Value Trust Inc. (NYSE:RVT)

Waterfront Wealth Inc. increased its holdings in Royce Value Trust Inc. (NYSE:RVT) by 2.5% during the 4th quarter, according to 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 period. Royce Value Trust makes up about 1.0% of Waterfront Wealth Inc.’s investment portfolio, making the stock its 23rd largest position. Waterfront Wealth Inc.’s holdings in Royce Value Trust were worth $3,541,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Bank of America Corp DE increased its position in Royce Value Trust by 4.0% in the first quarter. Bank of America Corp DE now owns 4,394,743 shares of the financial services provider’s stock worth $59,637,000 after purchasing an additional 168,048 shares during the last quarter. Wells Fargo & Company MN increased its position in Royce Value Trust by 34.5% during the fourth quarter. Wells Fargo & Company MN now owns 1,909,326 shares of the financial services provider’s stock valued at $25,318,000 after acquiring an additional 490,209 shares during the last quarter. Raymond James & Associates increased its position in Royce Value Trust by 3.1% during the fourth quarter. Raymond James & Associates now owns 1,677,821 shares of the financial services provider’s stock valued at $24,429,000 after acquiring an additional 50,835 shares during the last quarter. UBS Group AG increased its position in Royce Value Trust by 5.0% during the first quarter. UBS Group AG now owns 1,659,989 shares of the financial services provider’s stock valued at $28,203,000 after acquiring an additional 78,783 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Royce Value Trust by 9.2% during the third quarter. Royal Bank of Canada now owns 1,106,155 shares of the financial services provider’s stock valued at $14,236,000 after acquiring an additional 92,962 shares during the last quarter. Institutional investors own 25.57% of the company’s stock.

Insider Buying and Selling at Royce Value Trust

In related news, VP Francis D. Gannon bought 2,000 shares of the stock in a transaction dated Thursday, March 21st. The stock was purchased at an average cost of $14.76 per share, with a total value of $29,520.00. Following the completion of the purchase, the vice president now owns 2,000 shares of the company’s stock, valued at $29,520. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Francis D. Gannon bought 2,000 shares of the stock in a transaction dated Thursday, March 21st. The stock was purchased at an average cost of $14.76 per share, with a total value of $29,520.00. Following the completion of the purchase, the vice president now owns 2,000 shares of the company’s stock, valued at $29,520. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Christopher D. Clark bought 3,300 shares of the stock in a transaction dated Thursday, March 21st. The shares were bought at an average cost of $14.76 per share, with a total value of $48,708.00. Following the completion of the purchase, the president now directly owns 31,489 shares of the company’s stock, valued at approximately $464,777.64. The disclosure for this purchase can be found here. Company insiders own 0.06% of the company’s stock.

Royce Value Trust Trading Down 0.4 %

RVT stock traded down $0.06 during mid-day trading on Wednesday, reaching $13.91. 226,247 shares of the stock traded hands, compared to its average volume of 242,899. Royce Value Trust Inc. has a one year low of $11.85 and a one year 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 7.76%. The ex-dividend date was Friday, March 8th.

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.