Royce Value Trust (NYSE:RVT) Sets New 12-Month High at $15.98

Royce Value Trust Inc. (NYSE:RVT) reached a new 52-week high during trading on Wednesday . The stock traded as high as $15.98 and last traded at $15.85, with a volume of 24741 shares trading hands. The stock had previously closed at $15.72.

Royce Value Trust Stock Performance

The business has a 50-day simple moving average of $14.82 and a two-hundred day simple moving average of $14.61.

Royce Value Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Thursday, June 13th were given a $0.28 dividend. This is an increase from Royce Value Trust’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.12 annualized dividend and a dividend yield of 7.00%.

Institutional Trading of Royce Value Trust

Several hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in shares of Royce Value Trust by 9.7% during the first quarter. Advisors Asset Management Inc. now owns 667,661 shares of the financial services provider’s stock worth $10,128,000 after buying an additional 59,308 shares in the last quarter. Bulldog Investors LLP boosted its holdings in Royce Value Trust by 174.5% in the 4th quarter. Bulldog Investors LLP now owns 83,173 shares of the financial services provider’s stock valued at $1,211,000 after purchasing an additional 52,873 shares during the period. Cornerstone Advisors LLC grew its position in shares of Royce Value Trust by 50.9% during the 4th quarter. Cornerstone Advisors LLC now owns 938,773 shares of the financial services provider’s stock worth $13,669,000 after purchasing an additional 316,767 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Royce Value Trust by 39.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 423,062 shares of the financial services provider’s stock worth $6,160,000 after purchasing an additional 120,150 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of Royce Value Trust by 1,519.3% in the fourth quarter. International Assets Investment Management LLC now owns 312,923 shares of the financial services provider’s stock valued at $4,556,000 after buying an additional 293,599 shares in the last quarter. 25.57% of the stock is 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.