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

Royce Value Trust Inc. (NYSE:RVT) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $15.38 and traded as low as $15.35. Royce Value Trust shares last traded at $15.39, with a volume of 121,841 shares trading hands.

Royce Value Trust Price Performance

The business’s 50-day simple moving average is $15.39 and its two-hundred day simple moving average is $14.96.

Royce Value Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were issued a $0.28 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.12 dividend on an annualized basis and a yield of 7.28%.

Insider Activity

In other news, President Christopher D. Clark purchased 3,400 shares of the stock in a transaction dated Friday, August 16th. The shares were purchased at an average price of $15.20 per share, with a total value of $51,680.00. Following the transaction, the president now owns 36,057 shares in the company, valued at $548,066.40. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Royce Value Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RVT. Raymond James & Associates increased its stake in shares of Royce Value Trust by 5.5% during the third quarter. Raymond James & Associates now owns 1,502,749 shares of the financial services provider’s stock worth $23,593,000 after buying an additional 78,601 shares during the period. Cornerstone Advisors LLC grew its position 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 acquiring an additional 281,199 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Royce Value Trust by 9.7% in the 1st quarter. Advisors Asset Management Inc. now owns 667,661 shares of the financial services provider’s stock valued at $10,128,000 after acquiring an additional 59,308 shares during the period. Blue Bell Private Wealth Management LLC raised its position in Royce Value Trust by 13.3% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 460,923 shares of the financial services provider’s stock valued at $6,670,000 after purchasing an additional 54,097 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Royce Value Trust by 2.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 431,555 shares of the financial services provider’s stock worth $6,547,000 after purchasing an additional 8,578 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.