Royce Value Trust (NYSE:RVT) Shares Pass Below 50-Day Moving Average of $14.52

Royce Value Trust Inc. (NYSE:RVT)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.52 and traded as low as $14.15. Royce Value Trust shares last traded at $14.29, with a volume of 125,659 shares traded.

Royce Value Trust Trading Up 1.0 %

The company’s fifty day moving average price is $14.52 and its 200 day moving average price is $13.90.

Royce Value Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, March 8th. This represents a $1.08 dividend on an annualized basis and a yield of 7.56%.

Insider Buying and Selling at Royce Value Trust

In related news, President Christopher D. Clark purchased 3,300 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was acquired at an average price of $14.76 per share, with a total value of $48,708.00. Following the completion of the purchase, the president now directly owns 31,489 shares in the company, valued at $464,777.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Francis D. Gannon acquired 2,000 shares of the stock in a transaction on Thursday, March 21st. The stock was acquired at an average cost of $14.76 per share, for a total transaction of $29,520.00. Following the completion of the transaction, the vice president now directly owns 2,000 shares in the company, valued at $29,520. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Christopher D. Clark bought 3,300 shares of Royce Value Trust stock in a transaction on Thursday, March 21st. The stock was acquired at an average cost of $14.76 per share, for a total transaction of $48,708.00. Following the acquisition, the president now owns 31,489 shares in the company, valued at approximately $464,777.64. The disclosure for this purchase can be found here. Insiders own 0.06% of the company’s stock.

Institutional Trading of Royce Value Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its stake in 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 acquiring an additional 120,150 shares in the last quarter. International Assets Investment Management LLC increased its position in Royce Value Trust by 1,519.3% during the 4th quarter. International Assets Investment Management LLC now owns 312,923 shares of the financial services provider’s stock worth $4,556,000 after purchasing an additional 293,599 shares in the last quarter. UBS Group AG lifted its stake in Royce Value Trust by 13.4% in the 3rd quarter. UBS Group AG now owns 923,696 shares of the financial services provider’s stock valued at $11,888,000 after purchasing an additional 108,967 shares during the last quarter. HighTower Advisors LLC boosted its position in Royce Value Trust by 1.3% in the third quarter. HighTower Advisors LLC now owns 141,654 shares of the financial services provider’s stock valued at $1,822,000 after buying an additional 1,761 shares in the last quarter. Finally, Advisor Resource Council bought a new stake in shares of Royce Value Trust during the fourth quarter worth $379,000. 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.