Royce Value Trust (NYSE:RVT) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Royce Value Trust Inc. (NYSE:RVT) shares passed 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 traded.

Royce Value Trust Stock Down 1.2 %

The business’s fifty day simple moving average is $16.13 and its 200 day simple moving average is $15.54.

Royce Value Trust Announces Dividend

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

Institutional Investors Weigh In On Royce Value Trust

Hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC boosted its position in shares of Royce Value Trust by 13.8% during the second quarter. Private Advisor Group LLC now owns 128,957 shares of the financial services provider’s stock worth $1,866,000 after buying an additional 15,654 shares during the period. HBK Sorce Advisory LLC boosted its holdings in Royce Value Trust by 6.8% during the second quarter. HBK Sorce Advisory LLC now owns 14,869 shares of the financial services provider’s stock worth $215,000 after buying an additional 946 shares in the last quarter. Stolper Co raised its holdings in Royce Value Trust by 1.5% during the 2nd quarter. Stolper Co now owns 46,475 shares of the financial services provider’s stock worth $672,000 after buying an additional 707 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in Royce Value Trust during the 2nd quarter valued at $145,000. Finally, Cornerstone Advisors LLC lifted its stake in Royce Value Trust by 62.0% in the 2nd 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 in 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.