Royce Value Trust (NYSE:RVT) Sees Strong Trading Volume

Shares of Royce Value Trust Inc. (NYSE:RVT) saw unusually-high trading volume on Monday . Approximately 91,333 shares were traded during mid-day trading, a decline of 60% from the previous session’s volume of 226,880 shares.The stock last traded at $15.69 and had previously closed at $15.48.

Royce Value Trust Price Performance

The company’s 50 day simple moving average is $14.94 and its 200 day simple moving average is $14.72.

Royce Value Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Thursday, June 13th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.16%. This is an increase from Royce Value Trust’s previous quarterly dividend of $0.27. The ex-dividend date was Thursday, June 13th.

Insider Buying and Selling

In other Royce Value Trust news, President Christopher D. Clark acquired 3,400 shares of Royce Value Trust stock in a transaction on Friday, August 16th. The stock was purchased at an average price of $15.20 per share, for a total transaction of $51,680.00. Following the purchase, the president now directly owns 36,057 shares of the company’s stock, valued at $548,066.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates raised its stake in shares of Royce Value Trust by 1.9% in the first quarter. Raymond James & Associates now owns 1,710,322 shares of the financial services provider’s stock valued at $25,946,000 after buying an additional 32,501 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Royce Value Trust by 1.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,525,570 shares of the financial services provider’s stock valued at $23,143,000 after acquiring an additional 19,092 shares during the period. Cornerstone Advisors LLC raised its stake in Royce Value Trust by 50.9% in the 4th quarter. Cornerstone Advisors LLC now owns 938,773 shares of the financial services provider’s stock valued at $13,669,000 after acquiring an additional 316,767 shares during the period. Stifel Financial Corp boosted its position in Royce Value Trust by 10.3% during the fourth quarter. Stifel Financial Corp now owns 684,741 shares of the financial services provider’s stock worth $9,970,000 after purchasing an additional 63,923 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of Royce Value Trust by 9.7% in the first quarter. Advisors Asset Management Inc. now owns 667,661 shares of the financial services provider’s stock worth $10,128,000 after purchasing an additional 59,308 shares in the last quarter. 25.57% of the stock is currently owned by hedge funds and other institutional investors.

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.