Royce Value Trust (NYSE:RVT) records strong trading volume

Royce Value Trust Inc. (NYSE: RVT – Free Report) saw heavy trading volume on Monday. 76,887 shares traded hands during trading, a 64% decrease from the previous session’s volume of 213,523 shares. The stock last traded at $14.43 and had previously closed at $14.32.

Price development of Royce Value Trust shares

The company has a 50-day moving average price of $14.55 and a 200-day moving average price of $14.46.

Royce Value Trust increases dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Thursday, June 13th will receive a dividend of $0.28 per share. This represents an annualized dividend of $1.12 and a dividend yield of 7.74%. The ex-dividend date is Thursday, June 13th. This is an increase from Royce Value Trust’s previous quarterly dividend of $0.27.

Hedge funds comment on Royce Value Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quent Capital LLC acquired a new position in shares of Royce Value Trust in the first quarter valued at about $38,000. ESL Trust Services LLC acquired a new position in Royce Value Trust in the first quarter valued at $39,000. Principal Securities Inc. acquired a new position in Royce Value Trust in the fourth quarter valued at $48,000. Salomon & Ludwin LLC acquired a new position in Royce Value Trust in the first quarter valued at $50,000. Finally, Pingora Partners LLC acquired a new position in Royce Value Trust in the fourth quarter valued at $54,000. Institutional investors own 25.57% of the company’s shares.

About Royce Value Trust

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Royce Value Trust Inc is a closed-end equity fund created and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund diversifies its investments across diversified sectors. It invests in value-oriented stocks of small-cap and micro-cap companies.

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