Royce Value Trust (NYSE:RVT) Sets New 12-Month High – Here’s Why

Royce Value Trust Inc. (NYSE:RVT) 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. The stock had previously closed at $16.79.

Royce Value Trust Stock Performance

The firm has a 50 day simple moving average of $15.53 and a two-hundred day simple moving average of $15.12.

Royce Value Trust Dividend Announcement

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

Hedge Funds Weigh In On Royce Value Trust

Hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. grew its holdings in shares of Royce Value Trust by 9.7% during the first quarter. Advisors Asset Management Inc. now owns 667,661 shares of the financial services provider’s stock valued at $10,128,000 after buying an additional 59,308 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Royce Value Trust by 20.3% during the 1st quarter. Cetera Investment Advisers now owns 290,215 shares of the financial services provider’s stock worth $4,403,000 after purchasing an additional 48,907 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of Royce Value Trust during the 1st quarter worth about $4,003,000. Lazard Asset Management LLC lifted its position in shares of Royce Value Trust by 62.5% during the 1st quarter. Lazard Asset Management LLC now owns 384,792 shares of the financial services provider’s stock worth $5,837,000 after purchasing an additional 147,935 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Royce Value Trust by 1,603.2% during the 3rd quarter. International Assets Investment Management LLC now owns 370,774 shares of the financial services provider’s stock worth $5,821,000 after purchasing an additional 349,005 shares during the last quarter. 25.57% of the stock is currently owned by institutional investors and hedge funds.

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.