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

Posted by Xavier Holt on Jan 10th, 2025

Shares of Royce Value Trust Inc. (NYSE:RVT – Get Free Report) 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 trading hands.

Royce Value Trust Trading Up 0.3 %

The firm’s fifty day moving average is $16.11 and its 200-day moving average is $15.52.

Royce Value Trust Announces Dividend

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

Institutional Investors Weigh In On Royce Value Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RVT. Future Financial Wealth Managment LLC acquired a new stake in Royce Value Trust in the 3rd quarter valued at about $78,000. J.W. Cole Advisors Inc. acquired a new stake in Royce Value Trust in the 2nd quarter valued at about $145,000. Creative Planning increased its position in Royce Value Trust by 7.7% in the 3rd quarter. Creative Planning now owns 11,791 shares of the financial services provider’s stock valued at $185,000 after acquiring an additional 842 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in Royce Value Trust in the 3rd quarter valued at about $188,000. Finally, B&L Asset Management LLC acquired a new stake in Royce Value Trust in the 3rd quarter valued at about $190,000. Institutional investors and hedge funds own 25.57% of the company’s stock.

About Royce Value Trust

(Get Free Report)

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.