Royce Value Trust (NYSE:RVT) Sees Large Volume Increase – Still a Buy?

Royce Value Trust Inc. (NYSE:RVT) shares saw unusually-strong trading volume on Thursday . Approximately 269,112 shares traded hands during mid-day trading, a decline of 9% from the previous session’s volume of 294,839 shares.The stock last traded at $13.35 and had previously closed at $13.16.

Royce Value Trust Price Performance

The company has a 50-day moving average price of $14.47 and a 200-day moving average price of $15.48.

Royce Value Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.94%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its stake in Royce Value Trust by 2.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 439,830 shares of the financial services provider’s stock worth $6,949,000 after buying an additional 11,777 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of Royce Value Trust by 55.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 92,935 shares of the financial services provider’s stock valued at $1,468,000 after purchasing an additional 33,307 shares during the period. Atria Wealth Solutions Inc. increased its stake in Royce Value Trust by 18.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 12,230 shares of the financial services provider’s stock worth $193,000 after purchasing an additional 1,903 shares in the last quarter. PKS Advisory Services LLC bought a new position in Royce Value Trust in the fourth quarter valued at approximately $306,000. Finally, Commonwealth Equity Services LLC lifted its stake in Royce Value Trust by 0.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 140,012 shares of the financial services provider’s stock valued at $2,212,000 after buying an additional 933 shares in the last quarter. 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.