Royce Value Trust (NYSE:RVT) Reaches New 12-Month High – Time to Buy?

Shares of Royce Value Trust Inc. (NYSE:RVT) hit a new 52-week high on Wednesday . The company traded as high as $16.18 and last traded at $16.18, with a volume of 153882 shares. The stock had previously closed at $15.42.

Royce Value Trust Trading Up 5.8 %

The stock has a fifty day moving average of $15.38 and a two-hundred day moving average of $15.02.

Royce Value Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 6.87%. The ex-dividend date was Friday, September 13th.

Insider Buying and Selling at Royce Value Trust

In other news, President Christopher D. Clark bought 3,400 shares of the stock in a transaction on Friday, August 16th. The shares were bought at an average price of $15.20 per share, with a total value of $51,680.00. Following the completion of the acquisition, the president now owns 36,057 shares of the company’s stock, valued at approximately $548,066.40. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Institutional Trading of Royce Value Trust

Large investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its stake 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 valued at $10,128,000 after acquiring an additional 59,308 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Royce Value Trust by 20.3% during the first quarter. Cetera Investment Advisers now owns 290,215 shares of the financial services provider’s stock valued at $4,403,000 after acquiring an additional 48,907 shares during the last quarter. Cetera Advisors LLC purchased a new position in Royce Value Trust during the first quarter worth about $4,003,000. Lazard Asset Management LLC lifted its position in Royce Value Trust by 62.5% during the first quarter. Lazard Asset Management LLC now owns 384,792 shares of the financial services provider’s stock worth $5,837,000 after buying an additional 147,935 shares during the period. Finally, International Assets Investment Management LLC lifted its position in Royce Value Trust by 1,603.2% during the third quarter. International Assets Investment Management LLC now owns 370,774 shares of the financial services provider’s stock worth $5,821,000 after buying an additional 349,005 shares during the period. Institutional investors and hedge funds own 25.57% of the company’s stock.

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.