Royce Value Trust (NYSE:RVT) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Royce Value Trust Inc. (NYSE:RVT)’s share price crossed 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.

Royce Value Trust Trading Down 1.2 %

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

Royce Value Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 12th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 11.24%. The ex-dividend date was Thursday, December 12th.

Hedge Funds Weigh In On Royce Value Trust

A number of large investors have recently modified their holdings of RVT. Future Financial Wealth Managment LLC acquired a new stake in shares of Royce Value Trust in the third quarter valued at about $78,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Royce Value Trust during the 2nd quarter valued at approximately $145,000. Creative Planning boosted its stake in shares of Royce Value Trust by 7.7% during the 3rd quarter. Creative Planning now owns 11,791 shares of the financial services provider’s stock worth $185,000 after acquiring an additional 842 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Royce Value Trust in the 3rd quarter worth approximately $188,000. Finally, B&L Asset Management LLC purchased a new position in Royce Value Trust in the 3rd quarter valued at approximately $190,000. 25.57% of the stock is owned by hedge funds and other institutional investors.

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.