Royce Value Trust Inc. (NYSE:RVT - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $13.75 and last traded at $13.79, with a volume of 206824 shares changing hands. The stock had previously closed at $14.48.
Royce Value Trust Stock Down 0.6 %
The company's 50 day moving average is $15.14 and its 200-day moving average is $15.66.
Royce Value Trust Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 9.58%.
Institutional Investors Weigh In On Royce Value Trust
A number of large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of Royce Value Trust in the fourth quarter valued at $48,539,000. Modern Wealth Management LLC acquired a new position in Royce Value Trust in the 4th quarter valued at about $8,718,000. LPL Financial LLC raised its holdings in Royce Value Trust by 37.5% in the 4th quarter. LPL Financial LLC now owns 1,260,113 shares of the financial services provider's stock valued at $19,910,000 after acquiring an additional 343,597 shares during the period. Wells Fargo & Company MN lifted its position in Royce Value Trust by 23.3% during the fourth quarter. Wells Fargo & Company MN now owns 1,673,671 shares of the financial services provider's stock worth $26,444,000 after acquiring an additional 315,880 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Royce Value Trust by 8.3% during the fourth quarter. Royal Bank of Canada now owns 1,553,618 shares of the financial services provider's stock worth $24,548,000 after acquiring an additional 118,894 shares during the period. Institutional investors own 25.57% of the company's stock.
Royce Value Trust Company Profile
(
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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