Royce Value Trust (NYSE:RVT) Sets New 52-Week High - Still a Buy?

Royce Value Trust Inc. (NYSE:RVT - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $16.93 and last traded at $16.81, with a volume of 18419 shares traded. The stock had previously closed at $16.79.

Royce Value Trust Stock Performance

The company's 50-day moving average is $15.53 and its 200-day moving average is $15.12.

Royce Value Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were paid a $0.28 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.12 dividend on an annualized basis and a yield of 6.85%.

Insiders Place Their Bets

In other Royce Value Trust news, President Christopher D. Clark bought 3,400 shares of the business's stock in a transaction dated Friday, August 16th. The shares were acquired at an average cost of $15.20 per share, with a total value of $51,680.00. Following the acquisition, the president now directly owns 36,057 shares of the company's stock, valued at $548,066.40. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Royce Value Trust

Several institutional investors and hedge funds have recently made changes to their positions in RVT. ESL Trust Services LLC purchased a new position in Royce Value Trust in the first quarter valued at approximately $39,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Royce Value Trust during the third quarter worth approximately $78,000. J.W. Cole Advisors Inc. acquired a new position in Royce Value Trust in the second quarter worth $145,000. Calamos Advisors LLC acquired a new position in Royce Value Trust in the second quarter worth $155,000. Finally, Creative Planning boosted its holdings in Royce Value Trust by 7.7% in the third quarter. Creative Planning now owns 11,791 shares of the financial services provider's stock worth $185,000 after purchasing an additional 842 shares during the period. 25.57% of the stock is currently owned by hedge funds and other institutional investors.

About Royce Value Trust

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.