Royce Value Trust (NYSE:RVT) Hits New 12-Month High After Dividend Announcement

Royce Value Trust Inc (NYSE:RVT)’s share price hit a new 52-week high during trading on Wednesday after the company announced a dividend. The company traded as high as $14.56 and last traded at $14.49, with a volume of 249714 shares traded. The stock had previously closed at $14.33.

The newly announced dividend which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 12th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 7.18%. The ex-dividend date of this dividend is Wednesday, December 11th.

The firm has a 50-day moving average price of $14.16 and a 200-day moving average price of $13.79.

Several large investors have recently made changes to their positions in RVT. Janney Montgomery Scott LLC raised its position in shares of Royce Value Trust by 24.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 374,681 shares of the financial services provider’s stock worth $5,216,000 after acquiring an additional 74,322 shares in the last quarter. Advisor Group Inc. increased its position in Royce Value Trust by 10.4% during the 2nd quarter. Advisor Group Inc. now owns 42,692 shares of the financial services provider’s stock valued at $594,000 after buying an additional 4,010 shares in the last quarter. Wedbush Securities Inc. increased its position in Royce Value Trust by 3.3% during the 2nd quarter. Wedbush Securities Inc. now owns 58,284 shares of the financial services provider’s stock valued at $811,000 after buying an additional 1,855 shares in the last quarter. Coastal Investment Advisors Inc. increased its position in Royce Value Trust by 69.1% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 22,324 shares of the financial services provider’s stock valued at $311,000 after buying an additional 9,119 shares in the last quarter. Finally, Sigma Planning Corp increased its position in Royce Value Trust by 2.7% during the 2nd quarter. Sigma Planning Corp now owns 57,889 shares of the financial services provider’s stock valued at $806,000 after buying an additional 1,510 shares in the last quarter. 21.15% of the stock is owned by hedge funds and other institutional investors.

Royce Value Trust Company Profile (NYSE:RVT)

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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