Insider Buying: Royce Focus Trust VP Acquires 50,000 Shares of Stock (FUND)
Royce Focus Trust (NASDAQ:FUND) VP W Whitney George purchased 50,000 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were purchased at an average cost of $8.29 per share, with a total value of $414,500.00. Following the transaction, the vice president now directly owns 2,171,236 shares in the company, valued at approximately $17,999,546. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Royce Focus Trust (NASDAQ:FUND) traded down 0.36% during mid-day trading on Tuesday, hitting $8.27. The stock had a trading volume of 35,125 shares. Royce Focus Trust has a 52 week low of $6.79 and a 52 week high of $8.31. The stock’s 50-day moving average is $8.05 and its 200-day moving average is $7.79.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 27th. Investors of record on Monday, June 16th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.84%. The ex-dividend date is Thursday, June 12th.
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