Royce Value Trust Inc. (NYSE:RVT - Get Free Report) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $16.07 and traded as low as $15.77. Royce Value Trust shares last traded at $15.80, with a volume of 170,664 shares changing hands.
Royce Value Trust Stock Down 0.3 %
The company's fifty day moving average price is $16.08 and its two-hundred day moving average price is $15.47.
Royce Value Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 12th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 11.17%. The ex-dividend date was Thursday, December 12th.
Hedge Funds Weigh In On Royce Value Trust
A number of large investors have recently modified their holdings of RVT. Benjamin Edwards Inc. bought a new position in Royce Value Trust in the third quarter valued at approximately $1,505,000. Creative Planning increased its holdings in Royce Value Trust by 7.7% during the third quarter. Creative Planning now owns 11,791 shares of the financial services provider's stock worth $185,000 after buying an additional 842 shares during the last quarter. Stifel Financial Corp lifted its stake in Royce Value Trust by 10.0% in the third quarter. Stifel Financial Corp now owns 775,846 shares of the financial services provider's stock valued at $12,181,000 after acquiring an additional 70,449 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Royce Value Trust by 1,603.2% in the third quarter. International Assets Investment Management LLC now owns 370,774 shares of the financial services provider's stock valued at $5,821,000 after acquiring an additional 349,005 shares during the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of Royce Value Trust during the 3rd quarter worth about $1,181,000. 25.57% of the stock is currently owned by institutional investors and hedge funds.
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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