Royce Value Trust (NYSE:RVT) Sees Unusually-High Trading Volume – Time to Buy?

Royce Value Trust Inc. (NYSE:RVT) saw unusually-high trading volume on Monday . Approximately 219,144 shares were traded during mid-day trading, a decline of 7% from the previous session’s volume of 235,307 shares.The stock last traded at $15.75 and had previously closed at $15.73.

Royce Value Trust Trading Up 1.2 %

The company’s fifty day simple moving average is $16.06 and its 200-day simple moving average is $15.42.

Royce Value Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 12th were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, December 12th. This represents a $1.76 annualized dividend and a yield of 11.18%.

Institutional Trading of Royce Value Trust

A number of institutional investors have recently made changes to their positions in RVT. B. Riley Wealth Advisors Inc. boosted its stake in Royce Value Trust by 5.6% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 19,872 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 1,047 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Royce Value Trust by 1.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 211,925 shares of the financial services provider’s stock worth $3,493,000 after buying an additional 3,854 shares during the last quarter. RB Capital Management LLC increased its stake in Royce Value Trust by 1.2% during the third quarter. RB Capital Management LLC now owns 157,938 shares of the financial services provider’s stock worth $2,480,000 after acquiring an additional 1,870 shares during the last quarter. K2 Principal Fund L.P. acquired a new position in shares of Royce Value Trust in the 3rd quarter valued at $210,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Royce Value Trust during the 3rd quarter worth about $188,000. 25.57% of the stock is 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.