Royce Value Trust (NYSE:RVT) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Royce Value Trust Inc. (NYSE:RVT)’s share price crossed 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 changing hands.

Royce Value Trust Stock Up 0.3 %

The business’s fifty day simple moving average is $16.11 and its two-hundred day simple moving average is $15.52.

Royce Value Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 12th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 11.11%. The ex-dividend date was Thursday, December 12th.

Institutional Trading of Royce Value Trust

Hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Royce Value Trust by 5.6% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 19,872 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 1,047 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Royce Value Trust by 1.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 211,925 shares of the financial services provider’s stock worth $3,493,000 after acquiring an additional 3,854 shares during the period. RB Capital Management LLC lifted its holdings in shares of Royce Value Trust by 1.2% during the 3rd quarter. RB Capital Management LLC now owns 157,938 shares of the financial services provider’s stock worth $2,480,000 after acquiring an additional 1,870 shares during the period. K2 Principal Fund L.P. bought a new position in shares of Royce Value Trust during the 3rd quarter worth about $210,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Royce Value Trust during the 3rd quarter worth about $188,000. 25.57% of the stock is owned by institutional investors.

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.