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

Royce Value Trust Inc. (NYSE:RVT) shares saw unusually-high trading volume on Thursday . Approximately 269,112 shares were traded during trading, a decline of 9% from the previous session’s volume of 294,839 shares.The stock last traded at $13.35 and had previously closed at $13.16.

Royce Value Trust Trading Up 1.9 %

The stock’s 50-day moving average price is $14.58 and its 200 day moving average price is $15.51.

Royce Value Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.95%.

Hedge Funds Weigh In On Royce Value Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in RVT. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Royce Value Trust by 122.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 30,849 shares of the financial services provider’s stock valued at $439,000 after purchasing an additional 16,966 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Royce Value Trust by 6,938.5% during the 1st quarter. Farther Finance Advisors LLC now owns 10,065 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 9,922 shares in the last quarter. Bay Rivers Group increased its position in Royce Value Trust by 37.6% in the 1st quarter. Bay Rivers Group now owns 40,274 shares of the financial services provider’s stock valued at $574,000 after buying an additional 11,010 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Royce Value Trust by 19.5% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 111,059 shares of the financial services provider’s stock valued at $1,581,000 after acquiring an additional 18,124 shares in the last quarter. Finally, Stolper Co grew its position in Royce Value Trust by 2.8% in the 1st quarter. Stolper Co now owns 48,832 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 1,331 shares in the last quarter. 25.57% of the stock is owned by institutional investors.

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.