Royce Value Trust (NYSE:RVT) Stock Crosses Below Fifty Day Moving Average of $14.52

Royce Value Trust Inc. (NYSE:RVT)’s share 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.

Royce Value Trust Price Performance

The company’s 50-day simple moving average is $14.52 and its 200-day simple moving average is $13.89.

Royce Value Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.08 annualized dividend and a yield of 7.56%.

Insiders Place Their Bets

In other news, VP Francis D. Gannon acquired 2,000 shares of the stock in a transaction on Thursday, March 21st. The shares were purchased at an average cost of $14.76 per share, for a total transaction of $29,520.00. Following the transaction, the vice president now owns 2,000 shares in the company, valued at approximately $29,520. The acquisition was disclosed in a filing with the SEC, 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 shares were purchased at an average cost of $14.76 per share, for a total transaction of $29,520.00. Following the transaction, the vice president now owns 2,000 shares in the company, valued at approximately $29,520. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Christopher D. Clark acquired 3,300 shares of the stock in a transaction on Thursday, March 21st. The shares were purchased at an average price of $14.76 per share, for a total transaction of $48,708.00. Following the completion of the transaction, 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. 0.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Royce Value Trust

A number of institutional investors have recently modified their holdings of RVT. Cornerstone Advisors LLC boosted its stake in shares of Royce Value Trust by 50.9% during the 4th quarter. Cornerstone Advisors LLC now owns 938,773 shares of the financial services provider’s stock valued at $13,669,000 after buying an additional 316,767 shares during the period. International Assets Investment Management LLC boosted its stake in shares of 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 valued at $4,556,000 after buying an additional 293,599 shares during the period. AQR Arbitrage LLC boosted its stake in shares of Royce Value Trust by 130.7% during the 3rd quarter. AQR Arbitrage LLC now owns 397,112 shares of the financial services provider’s stock valued at $5,111,000 after buying an additional 224,945 shares during the period. 1607 Capital Partners LLC lifted its stake in shares of Royce Value Trust by 182.9% in the 3rd quarter. 1607 Capital Partners LLC now owns 217,402 shares of the financial services provider’s stock valued at $2,798,000 after purchasing an additional 140,548 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Royce Value Trust by 39.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 423,062 shares of the financial services provider’s stock valued at $6,160,000 after purchasing an additional 120,150 shares during the last quarter. Institutional investors and hedge funds 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.