Royce Value Trust (NYSE:RVT) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Royce Value Trust Inc. (NYSE:RVT) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 trading hands.

Royce Value Trust Trading Down 1.2 %

The company has a fifty day simple moving average of $16.13 and a two-hundred day simple moving average of $15.54.

Royce Value Trust Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 11.24%. The ex-dividend date was Thursday, December 12th.

Institutional Trading of Royce Value Trust

Institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC increased its position 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 worth $1,866,000 after buying an additional 15,654 shares during the period. HBK Sorce Advisory LLC increased its holdings in shares of Royce Value Trust by 6.8% in the 2nd quarter. HBK Sorce Advisory LLC now owns 14,869 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 946 shares during the period. Stolper Co raised its position in Royce Value Trust by 1.5% in the 2nd quarter. Stolper Co now owns 46,475 shares of the financial services provider’s stock valued at $672,000 after purchasing an additional 707 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in Royce Value Trust during the 2nd quarter worth $145,000. Finally, Cornerstone Advisors LLC boosted its stake in shares of Royce Value Trust by 62.0% during 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 during the period. Hedge funds and other 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.