Royce Value Trust Inc. (NYSE:RVT - Get Free Report) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $15.38 and traded as low as $15.35. Royce Value Trust shares last traded at $15.39, with a volume of 121,841 shares.
Royce Value Trust Trading Down 0.1 %
The stock's fifty day moving average price is $15.39 and its 200-day moving average price is $14.96.
Royce Value Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 13th were given a $0.28 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.28%.
Insiders Place Their Bets
In other news, President Christopher D. Clark purchased 3,400 shares of the business's stock in a transaction dated Friday, August 16th. The stock was acquired at an average price of $15.20 per share, for a total transaction of $51,680.00. Following the acquisition, the president now directly owns 36,057 shares of the company's stock, valued at approximately $548,066.40. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.06% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Quent Capital LLC acquired a new position in shares of Royce Value Trust in the 1st quarter worth approximately $38,000. ESL Trust Services LLC acquired a new position in Royce Value Trust during the first quarter worth $39,000. Salomon & Ludwin LLC purchased a new position in shares of Royce Value Trust during the first quarter worth $50,000. Future Financial Wealth Managment LLC purchased a new position in shares of Royce Value Trust during the first quarter worth $76,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of Royce Value Trust in the second quarter valued at $145,000. Hedge funds and other institutional investors own 25.57% of the company's stock.
About Royce Value Trust
(
Get Free Report)
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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