Accel Wealth Management Reduces Position in Royce Value Trust Inc.

Accel Wealth Management has reduced its stake in Royce Value Trust Inc. (NYSE:RVT - Free Report) by 16.8% in the fourth quarter, based on its latest 13F filing with the Securities and Exchange Commission. After selling 20,429 shares during the quarter, the fund now holds 101,500 shares of this financial services provider. As per the most recent SEC filing, Accel Wealth Management's holdings represent about 0.09% of Royce Value Trust, valued at approximately $1,604,000.

Many other large investors have also recently adjusted their stakes in Royce Value Trust. For instance, Raymond James & Associates increased its position in the trust by 5.5% during the third quarter, now owning 1,502,749 shares valued at $23,593,000 after acquiring 78,601 additional shares. Similarly, Stifel Financial Corp raised its stake by 10.0% in the same quarter and currently holds 775,846 shares worth $12,181,000, following an acquisition of 70,449 shares. Another firm, Janney Montgomery Scott LLC, increased its holdings by 2.8% in the fourth quarter, bringing its total to 439,830 shares valued at $6,949,000 with an additional 11,777 shares acquired.

Furthermore, Allspring Global Investments Holdings LLC boosted its investment in Royce Value Trust by 14.4% during the third quarter, now owning 386,499 shares worth $6,068,000 after purchasing another 48,700 shares. Lastly, International Assets Investment Management LLC made a significant increase of 1,603.2% in their position during the third quarter, now holding 370,774 shares valued at $5,821,000 following an acquisition of 349,005 shares. Currently, hedge funds and other institutional investors own 25.57% of Royce Value Trust stock.

Royce Value Trust Stock Performance

The stock of Royce Value Trust (NYSE:RVT) opened at $16.62 on Friday. The company has a 50-day moving average of $16.15 and a 200-day moving average of $15.67. Over the past year, the stock has seen a low of $13.78 and a high of $16.93.

Recent Dividend Announcement

Royce Value Trust has recently announced a quarterly dividend distribution, which was paid on Monday, December 23rd. Shareholders recorded on Thursday, December 12th received a dividend payment of $0.44 per share. This annualizes to a total of $1.76 per share, yielding a 10.59% dividend yield. The ex-dividend date was also set for December 12th.

Company Overview

Royce Value Trust Inc is an equity mutual fund that is managed by Royce & Associates, LLC. The fund primarily invests in small and micro-cap companies in the public equity markets of the United States and focuses on value-oriented stock investments across diverse sectors.

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