Royce Value Trust Inc (NYSE:RVT) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $13.36 and last traded at $13.44, with a volume of 6110 shares. The stock had previously closed at $13.83.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Thursday, December 13th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, December 12th. This represents a $1.48 dividend on an annualized basis and a yield of 11.02%. This is an increase from Royce Value Trust’s previous quarterly dividend of $0.30.
A number of institutional investors have recently modified their holdings of the stock. Morgan Stanley lifted its stake in Royce Value Trust by 2.2% in the third quarter. Morgan Stanley now owns 4,421,185 shares of the financial services provider’s stock worth $72,286,000 after acquiring an additional 95,427 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Royce Value Trust by 6.0% during the 3rd quarter. Wells Fargo & Company MN now owns 1,638,990 shares of the financial services provider’s stock worth $26,797,000 after buying an additional 93,077 shares during the last quarter. Raymond James & Associates lifted its position in shares of Royce Value Trust by 13.8% during the 2nd quarter. Raymond James & Associates now owns 1,151,732 shares of the financial services provider’s stock worth $18,197,000 after buying an additional 139,745 shares during the last quarter. Laurion Capital Management LP purchased a new stake in shares of Royce Value Trust during the 3rd quarter worth approximately $12,370,000. Finally, CLS Investments LLC lifted its position in shares of Royce Value Trust by 36.6% during the 3rd quarter. CLS Investments LLC now owns 421,477 shares of the financial services provider’s stock worth $6,891,000 after buying an additional 112,991 shares during the last quarter. Institutional investors own 21.07% of the company’s stock.
Royce Value Trust Company Profile (NYSE:RVT)
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.
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