Royce Value Trust (NYSE:RVT) Hits New 1-Year High Following Dividend Announcement

Royce Value Trust Inc. (NYSE:RVT) hit a new 52-week high during trading on Tuesday after the company announced a dividend. The company traded as high as $17.50 and last traded at $17.50, with a volume of 297 shares. The stock had previously closed at $16.79.

The newly announced dividend which will be paid on Monday, December 23rd. Investors of record on Thursday, December 12th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, December 12th.

Royce Value Trust Trading Up 0.5 %

The company has a 50-day moving average of $15.92 and a 200 day moving average of $15.30.

Hedge Funds Weigh In On Royce Value Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Future Financial Wealth Managment LLC bought a new position in shares of Royce Value Trust during the 3rd quarter worth approximately $78,000. J.W. Cole Advisors Inc. bought a new position in shares of Royce Value Trust during the 2nd quarter worth approximately $145,000. Calamos Advisors LLC acquired a new stake in Royce Value Trust during the 2nd quarter valued at $155,000. Creative Planning increased its holdings in Royce Value Trust by 7.7% during the 3rd quarter. Creative Planning now owns 11,791 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 842 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in Royce Value Trust during the 3rd quarter valued at $188,000. 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.