Royce Value Trust (NYSE:RVT) Reaches New 1-Year Low – Should You Sell?

Royce Value Trust Inc. (NYSE:RVT)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $13.75 and last traded at $13.79, with a volume of 206824 shares changing hands. The stock had previously closed at $14.48.

Royce Value Trust Stock Down 5.1 %

The firm’s 50-day simple moving average is $15.21 and its 200 day simple moving average is $15.68.

Royce Value Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 9.20%. The ex-dividend date of this dividend was Thursday, March 13th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RVT. Vermillion Wealth Management Inc. bought a new position in Royce Value Trust in the 4th quarter valued at about $29,000. Jaffetilchin Investment Partners LLC increased its stake in shares of Royce Value Trust by 11.1% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 10,209 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 1,019 shares during the period. DAVENPORT & Co LLC acquired a new stake in Royce Value Trust in the fourth quarter worth approximately $165,000. Keyes Stange & Wooten Wealth Management LLC bought a new position in Royce Value Trust during the 4th quarter valued at $170,000. Finally, GWN Securities Inc. acquired a new position in shares of Royce Value Trust during the 4th quarter valued at $187,000. 25.57% of the stock is owned by institutional investors and hedge funds.

Royce Value Trust Company Profile

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.