Royce Value Trust (NYSE:RVT) Reaches New 12-Month High at $15.10

Shares of Royce Value Trust Inc (NYSE:RVT) hit a new 52-week high on Thursday . The company traded as high as $15.10 and last traded at $15.10, with a volume of 2649 shares changing hands. The stock had previously closed at $14.94.

The business has a 50-day moving average price of $14.69 and a two-hundred day moving average price of $14.04.

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 12th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date was Wednesday, December 11th.

Hedge funds have recently made changes to their positions in the company. Kings Point Capital Management purchased a new position in shares of Royce Value Trust in the second quarter valued at $26,000. Usca Ria LLC purchased a new position in shares of Royce Value Trust in the third quarter valued at $35,000. FNY Investment Advisers LLC purchased a new position in shares of Royce Value Trust in the fourth quarter valued at $42,000. Global Wealth Management Investment Advisory Inc. purchased a new position in shares of Royce Value Trust in the second quarter valued at $41,000. Finally, Reilly Financial Advisors LLC increased its position in shares of Royce Value Trust by 146.3% in the third quarter. Reilly Financial Advisors LLC now owns 3,877 shares of the financial services provider’s stock valued at $53,000 after buying an additional 2,303 shares in the last quarter. Institutional investors and hedge funds own 21.14% of the company’s stock.

About Royce Value Trust (NYSE:RVT)

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.

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