Royce Value Trust (NYSE:RVT) Sees Unusually-High Trading Volume – Here’s Why

Shares of Royce Value Trust Inc. (NYSE:RVT) saw unusually-high trading volume on Thursday . Approximately 269,112 shares traded hands during trading, a decline of 9% from the previous session’s volume of 294,839 shares.The stock last traded at $13.35 and had previously closed at $13.16.

Royce Value Trust Stock Performance

The company’s fifty day moving average price is $14.47 and its two-hundred day moving average price is $15.48.

Royce Value Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 13th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 8.94%.

Institutional Trading of Royce Value Trust

Several large investors have recently made changes to their positions in RVT. Raymond James Financial Inc. bought a new stake in Royce Value Trust during the 4th quarter worth about $48,539,000. Modern Wealth Management LLC acquired a new position in Royce Value Trust during the 4th quarter worth $8,718,000. LPL Financial LLC boosted its position in Royce Value Trust by 37.5% in the 4th quarter. LPL Financial LLC now owns 1,260,113 shares of the financial services provider’s stock valued at $19,910,000 after buying an additional 343,597 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Royce Value Trust by 23.3% in the 4th quarter. Wells Fargo & Company MN now owns 1,673,671 shares of the financial services provider’s stock valued at $26,444,000 after buying an additional 315,880 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Royce Value Trust by 8.3% in the fourth quarter. Royal Bank of Canada now owns 1,553,618 shares of the financial services provider’s stock valued at $24,548,000 after acquiring an additional 118,894 shares during the last quarter. Institutional investors own 25.57% of the company’s stock.

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.