Royce Value Trust (NYSE:RVT) Sees Unusually-High Trading Volume – Here’s What Happened

Royce Value Trust Inc. (NYSE:RVT) shares saw unusually-high trading volume on Monday . Approximately 219,144 shares changed hands during mid-day trading, a decline of 7% from the previous session’s volume of 235,307 shares.The stock last traded at $15.75 and had previously closed at $15.73.

Royce Value Trust Price Performance

The business’s 50-day moving average price is $16.06 and its two-hundred day moving average price is $15.41.

Royce Value Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Thursday, December 12th will be paid a $0.44 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a yield of 11.21%.

Hedge Funds Weigh In On Royce Value Trust

A number of institutional investors have recently modified their holdings of RVT. Benjamin Edwards Inc. bought a new stake in shares of Royce Value Trust during the third quarter worth $1,505,000. Creative Planning increased 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 valued at $185,000 after purchasing an additional 842 shares during the period. Stifel Financial Corp lifted its holdings in Royce Value Trust by 10.0% during the 3rd quarter. Stifel Financial Corp now owns 775,846 shares of the financial services provider’s stock worth $12,181,000 after buying an additional 70,449 shares during the period. International Assets Investment Management LLC lifted its holdings in Royce Value Trust by 1,603.2% during the 3rd quarter. International Assets Investment Management LLC now owns 370,774 shares of the financial services provider’s stock worth $5,821,000 after buying an additional 349,005 shares during the period. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of Royce Value Trust in the 3rd quarter valued at about $1,181,000. Institutional investors and hedge funds own 25.57% of the company’s stock.

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.