Royce Small-Cap Trust (NYSE:RVT) Reaches New 1-Year High – Should You Buy?

Royce Small-Cap Trust, Inc. (NYSE:RVT)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $17.89 and last traded at $17.7650, with a volume of 11401 shares. The stock had previously closed at $17.32.

Royce Small-Cap Trust Stock Performance

The company’s 50 day moving average is $16.81 and its 200 day moving average is $16.21.

Royce Small-Cap Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Thursday, December 11th were given a dividend of $0.54 per share. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.29. This represents a $2.16 dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date of this dividend was Thursday, December 11th.

Hedge Funds Weigh In On Royce Small-Cap Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of Royce Small-Cap Trust by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 6,293,535 shares of the financial services provider’s stock worth $94,718,000 after acquiring an additional 54,485 shares during the period. Raymond James Financial Inc. raised its stake in shares of Royce Small-Cap Trust by 6.7% in the second quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider’s stock valued at $47,776,000 after purchasing an additional 198,905 shares in the last quarter. Cornerstone Advisors LLC lifted its position in Royce Small-Cap Trust by 476.3% in the third quarter. Cornerstone Advisors LLC now owns 685,519 shares of the financial services provider’s stock worth $11,057,000 after purchasing an additional 566,576 shares during the period. Waterfront Wealth Inc. lifted its position in Royce Small-Cap Trust by 41.1% in the third quarter. Waterfront Wealth Inc. now owns 679,108 shares of the financial services provider’s stock worth $10,786,000 after purchasing an additional 197,680 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its stake in Royce Small-Cap Trust by 15.8% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 652,300 shares of the financial services provider’s stock worth $10,502,000 after buying an additional 88,928 shares in the last quarter. 25.57% of the stock is currently owned by institutional investors.

Royce Small-Cap Trust Company Profile

Royce Small-Cap Trust (NYSE:RVT) is a closed-end management investment company that seeks to provide investors with long-term capital appreciation by investing primarily in the common stocks of small-capitalization companies. The trust is structured to trade on the New York Stock Exchange, offering shares that represent an undivided interest in a diversified portfolio of U.S. small-cap equities. As a closed-end vehicle, the fund may employ leverage to enhance returns and reinvest dividends to support growth over time.

The trust’s investment strategy is driven by fundamental, bottom-up research, focusing on companies with market capitalizations typically falling within the small-cap spectrum.