Royce Value Trust (NYSE:RVT) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of Royce Value Trust Inc. (NYSE:RVT) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $16.07 and traded as low as $15.77. Royce Value Trust shares last traded at $15.80, with a volume of 170,664 shares.

Royce Value Trust Trading Up 0.6 %

The firm’s 50-day moving average price is $16.08 and its 200-day moving average price is $15.47.

Royce Value Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 12th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a yield of 11.11%.

Institutional Trading of Royce Value Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Wolverine Asset Management LLC bought a new position in Royce Value Trust in the second quarter worth approximately $989,000. Shaker Financial Services LLC boosted its stake in Royce Value Trust by 97.9% in the second quarter. Shaker Financial Services LLC now owns 188,256 shares of the financial services provider’s stock valued at $2,724,000 after acquiring an additional 93,131 shares in the last quarter. SouthState Corp purchased a new position in Royce Value Trust during the 2nd quarter worth $275,000. 9258 Wealth Management LLC increased its holdings in shares of Royce Value Trust by 1.4% during the second quarter. 9258 Wealth Management LLC now owns 53,052 shares of the financial services provider’s stock valued at $768,000 after acquiring an additional 729 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its holdings in shares of Royce Value Trust by 13.3% in the second quarter. Blue Bell Private Wealth Management LLC now owns 460,923 shares of the financial services provider’s stock worth $6,670,000 after buying an additional 54,097 shares during the last quarter. 25.57% of the stock is currently owned by 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.