Royce Small-Cap Trust (NYSE:RVT) Shares Pass Below 50-Day Moving Average – Time to Sell?

Royce Small-Cap Trust, Inc. (NYSE:RVT)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $17.60 and traded as low as $16.66. Royce Small-Cap Trust shares last traded at $16.7310, with a volume of 177,065 shares trading hands.

Royce Small-Cap Trust Stock Down 2.6%

The stock’s 50 day moving average is $17.60 and its two-hundred day moving average is $16.61.

Royce Small-Cap Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Thursday, March 12th will be issued a $0.30 dividend. The ex-dividend date is Thursday, March 12th. This represents a $1.20 annualized dividend and a dividend yield of 7.2%.

Hedge Funds Weigh In On Royce Small-Cap Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Newbridge Financial Services Group Inc. purchased a new position in Royce Small-Cap Trust during the second quarter valued at approximately $28,000. Westfuller Advisors LLC bought a new position in Royce Small-Cap Trust in the third quarter worth approximately $29,000. Quent Capital LLC purchased a new stake in Royce Small-Cap Trust during the third quarter worth $46,000. Coastline Trust Co purchased a new stake in Royce Small-Cap Trust during the third quarter worth $48,000. Finally, Sound Income Strategies LLC bought a new stake in Royce Small-Cap Trust during the 3rd quarter valued at $51,000. 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.