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 $16.11 and traded as low as $15.61. Royce Value Trust shares last traded at $15.84, with a volume of 320,160 shares.
Royce Value Trust Stock Down 1.2 %
The business's fifty day moving average is $16.12 and its 200-day moving average is $15.53.
Royce Value Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 12th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 11.24%. The ex-dividend date of this dividend was Thursday, December 12th.
Hedge Funds Weigh In On Royce Value Trust
A number of institutional investors and hedge funds have recently made changes to their positions in RVT. Private Advisor Group LLC lifted its holdings in Royce Value Trust by 13.8% during the second quarter. Private Advisor Group LLC now owns 128,957 shares of the financial services provider's stock valued at $1,866,000 after purchasing an additional 15,654 shares in the last quarter. HBK Sorce Advisory LLC lifted its holdings in shares of Royce Value Trust by 6.8% in the second quarter. HBK Sorce Advisory LLC now owns 14,869 shares of the financial services provider's stock worth $215,000 after buying an additional 946 shares in the last quarter. Stolper Co lifted its holdings in shares of Royce Value Trust by 1.5% in the second quarter. Stolper Co now owns 46,475 shares of the financial services provider's stock worth $672,000 after buying an additional 707 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new position in shares of Royce Value Trust in the second quarter worth $145,000. Finally, Cornerstone Advisors LLC lifted its holdings in shares of Royce Value Trust by 62.0% in the second quarter. Cornerstone Advisors LLC now owns 734,489 shares of the financial services provider's stock worth $10,628,000 after buying an additional 281,199 shares in the last quarter. Hedge funds and other institutional investors own 25.57% of the company's stock.
Royce Value Trust Company Profile
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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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