Royce Value Trust (NYSE:RVT) Reaches New 12-Month High – Here’s What Happened

Posted by Defense World Staff on Nov 15th, 2024

Royce Value Trust Inc. (NYSE:RVT – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $16.93 and last traded at $16.81, with a volume of 18419 shares traded. The stock had previously closed at $16.79.

Royce Value Trust Stock Performance

The company has a 50-day moving average of $15.53 and a 200-day moving average of $15.12.

Royce Value Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.12 annualized dividend and a yield of 6.96%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. ESL Trust Services LLC acquired a new stake in shares of Royce Value Trust during the 1st quarter worth $39,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Royce Value Trust during the 3rd quarter worth $78,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Royce Value Trust during the 2nd quarter worth $145,000. Calamos Advisors LLC acquired a new stake in Royce Value Trust in the 2nd quarter valued at $155,000. Finally, Creative Planning raised its position in Royce Value Trust by 7.7% in the third quarter. Creative Planning now owns 11,791 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 842 shares during the period. 25.57% of the stock is currently owned by institutional investors and hedge funds.

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.