Royce Value Trust Inc. (NYSE:RVT – Get Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.52 and traded as low as $14.15. Royce Value Trust shares last traded at $14.29, with a volume of 125,659 shares.
Royce Value Trust Stock Performance
The company’s fifty day moving average price is $14.52 and its two-hundred day moving average price is $13.90.
Royce Value Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, March 8th. This represents a $1.08 dividend on an annualized basis and a yield of 7.56%.
Insiders Place Their Bets
Hedge Funds Weigh In On Royce Value Trust
Several hedge funds have recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in Royce Value Trust during the 4th quarter valued at about $48,000. Pingora Partners LLC bought a new stake in shares of Royce Value Trust during the fourth quarter worth approximately $54,000. Future Financial Wealth Managment LLC acquired a new position in Royce Value Trust in the first quarter valued at approximately $76,000. Great Valley Advisor Group Inc. bought a new position in Royce Value Trust in the third quarter valued at approximately $130,000. Finally, Allworth Financial LP acquired a new stake in Royce Value Trust during the 4th quarter worth $153,000. Institutional investors 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.
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