Atlantic Union Bankshares Corp, a financial services provider, has reported a decrease in its holdings of Royce Value Trust Inc. (NYSE:RVT) during the second quarter. According to the company’s recent Form 13F filing with the Securities & Exchange Commission, Atlantic Union Bankshares Corp reduced its stake in RVT by 11.2%, selling approximately 18,013 shares. As a result, the fund now holds 143,298 shares of Royce Value Trust with an estimated value of $1,978,000.
This information was disclosed through the mandatory quarterly reporting by investment managers with more than $100 million in assets under management. It provides valuable insights into their investment activities and portfolio changes.
Royce Value Trust Inc., a widely known name in the market, offers shareholders access to a diversified portfolio primarily consisting of small-cap securities. The company is focused on identifying attractive opportunities for investors seeking long-term capital appreciation. With this in mind, it is important to track any significant changes in its ownership structure.
To obtain more detailed information about other hedge funds and their holdings of RVT, interested parties can visit HoldingsChannel.com. This website offers up-to-date data on 13F filings and insider trades for various companies listed on the stock exchange.
In addition to these developments, Royce Value Trust has recently announced that it will be distributing a quarterly dividend to its shareholders. The payment is scheduled for Friday, September 22nd. To qualify for this dividend payout of $0.26 per share, investors must have been listed as shareholders as of Monday, September 11th, which was also the record date for dividend eligibility. However, individuals who purchased shares after Friday, September 8th will not be entitled to this particular dividend payment.
It is worth noting that this quarterly distribution represents an annualized dividend amounting to $1.04 per share and yields an impressive rate of return at 7.93%. For income-oriented investors, this dividend yield might present an attractive opportunity to generate regular cash flow from their investments.
In conclusion, Atlantic Union Bankshares Corp has decreased its holdings in Royce Value Trust Inc., signaling a shift in its overall investment strategy. The decision was reflected in the recent Form 13F filing with the Securities & Exchange Commission. Interested individuals can access more information about hedge funds holding RVT on HoldingsChannel.com. Furthermore, Royce Value Trust has declared a quarterly dividend, presenting an opportunity for investors to earn potential income through these payouts.
Brookfield Infrastructure Partners L.P.
Updated on: 19/09/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Buy
DCF: Strong Buy
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Significant Institutional Investor Activity Signals Confidence in Royce Value Trust Inc.
September 19, 2023
The financial services provider Royce Value Trust Inc. has seen some significant activity from institutional investors recently. Several institutions have bought and sold shares of the business, indicating an active market for the company’s stock.
Among these institutional investors is Level Four Advisory Services LLC, which increased its position in Royce Value Trust by 26.0% during the second quarter. Level Four Advisory Services now owns a total of 17,087 shares of the company’s stock, valued at $236,000 after purchasing an additional 3,528 shares during the last quarter. This substantial increase in holdings highlights the confidence that Level Four Advisory Services has in Royce Value Trust.
Chilton Capital Management LLC also made a notable move by purchasing a new position in shares of Royce Value Trust during the first quarter. This new position is estimated to be worth about $27,000. Similarly, Susquehanna International Group LLP and Colony Group LLC both acquired new positions in the first quarter as well. Susquehanna International Group purchased shares worth approximately $153,000, while Colony Group acquired shares worth the same amount.
Steward Partners Investment Advisory LLC boosted its stake in Royce Value Trust by 2.9% during the first quarter as well and now owns 55,354 shares of the company’s stock valued at $751,000 after acquiring an additional 1,562 shares over that period.
These moves from institutional investors contribute to a significant ownership percentage of Royce Value Trust stock held by institutional investors overall—23.99% to be exact.
As it stands on this day, September 19th, 2023,Royce Value Trust opened at a price of $13.12 per share. Over the past year, the company’s stock has experienced a low point of $12.24 and reached as high as $15.37—a valuable insight for potential investors assessing the stock’s performance. Additionally, Royce Value Trust’s 50-day moving average price stands at $13.84, while the 200-day moving average price is reported to be $13.43.
Royce Value Trust Inc., managed by Royce & Associates, LLC, is a close-ended equity mutual fund that focuses on investing in the public equity markets of the United States. The fund emphasizes value-oriented stocks of small cap and micro cap companies, allocating its investments across diversified sectors.
The recent buying and selling activity from institutional investors indicates a high level of interest in Royce Value Trust Inc.’s stock. These institutional investors’ decisions reflect their confidence in the company and its potential for growth and success in the future.
Disclaimer: This article does not provide financial advice or recommendations. Investors should conduct their own research and consider seeking professional guidance before making any investment decisions based on this information.