Royce Value Trust (NYSE:RVT) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

Royce Value Trust Inc. (NYSE:RVT)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-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 traded.

Royce Value Trust Stock Up 0.3 %

The firm has a 50 day moving average price of $16.11 and a 200-day moving average price of $15.52.

Royce Value Trust Announces Dividend

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 11.11%. The ex-dividend date of this dividend was Thursday, December 12th.

Institutional Trading of Royce Value Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC purchased a new position in shares of Royce Value Trust during the third quarter worth about $78,000. J.W. Cole Advisors Inc. purchased a new position in shares of Royce Value Trust during the second quarter worth about $145,000. Creative Planning grew its holdings in shares of 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 purchasing an additional 842 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Royce Value Trust during the third quarter worth about $188,000. Finally, B&L Asset Management LLC purchased a new position in shares of Royce Value Trust during the third quarter worth about $190,000. 25.57% of the stock is currently owned by institutional investors and hedge funds.

Royce Value Trust Company Profile

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.