Northwestern Mutual Wealth Management Co. raised its position in Royce Value Trust Inc (NYSE:RVT) by 11.3% during the third quarter, HoldingsChannel.com reports. The firm owned 147,756 shares of the financial services provider’s stock after buying an additional 15,014 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Royce Value Trust were worth $2,416,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the business. Squar Milner Financial Services LLC purchased a new stake in Royce Value Trust in the second quarter valued at $105,000. Flagship Harbor Advisors LLC purchased a new stake in Royce Value Trust in the second quarter valued at $125,000. PNC Financial Services Group Inc. lifted its position in Royce Value Trust by 51.3% in the second quarter. PNC Financial Services Group Inc. now owns 9,246 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 3,135 shares during the last quarter. Coastline Trust Co purchased a new stake in Royce Value Trust in the third quarter valued at $220,000. Finally, OTA Financial Group L.P. purchased a new stake in Royce Value Trust in the second quarter valued at $224,000. Institutional investors and hedge funds own 19.83% of the company’s stock.
Shares of RVT opened at $14.68 on Friday. Royce Value Trust Inc has a 1-year low of $13.64 and a 1-year high of $17.18.
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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