Royce Value Trust (NYSE:RVT) Hits New 1-Year Low – Time to Sell?

Royce Value Trust Inc. (NYSE:RVT) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $13.75 and last traded at $13.79, with a volume of 206824 shares traded. The stock had previously closed at $14.48.

Royce Value Trust Stock Performance

The firm’s 50 day simple moving average is $15.21 and its 200-day simple moving average is $15.68.

Royce Value Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 9.20%. The ex-dividend date of this dividend was Thursday, March 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RVT. Wealth Enhancement Advisory Services LLC purchased a new stake in Royce Value Trust during the 4th quarter worth $219,000. Comprehensive Money Management Services LLC bought a new stake in shares of Royce Value Trust during the 4th quarter valued at about $740,000. Vermillion Wealth Management Inc. bought a new position in shares of Royce Value Trust during the fourth quarter valued at approximately $29,000. RB Capital Management LLC grew its stake in Royce Value Trust by 6.6% during the 4th quarter. RB Capital Management LLC now owns 168,405 shares of the financial services provider’s stock worth $2,661,000 after buying an additional 10,467 shares during the last quarter. Finally, Waverly Advisors LLC acquired a new stake in Royce Value Trust in the fourth quarter worth $802,000. Institutional investors and hedge funds 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.