Royce Small-Cap Trust (NYSE:RVT) Hits New 1-Year High – Here’s Why

Royce Small-Cap Trust, Inc. (NYSE:RVT)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $19.12 and last traded at $18.7350, with a volume of 190817 shares changing hands. The stock had previously closed at $19.03.

Royce Small-Cap Trust Price Performance

The stock has a 50 day moving average of $18.29 and a two-hundred day moving average of $17.98.

Royce Small-Cap Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were paid a dividend of $0.31 per share. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.24 annualized dividend and a yield of 6.7%.

Hedge Funds Weigh In On Royce Small-Cap Trust

A number of large investors have recently made changes to their positions in RVT. Western Wealth Management LLC acquired a new stake in shares of Royce Small-Cap Trust during the first quarter worth approximately $28,000. Newbridge Financial Services Group Inc. acquired a new position in Royce Small-Cap Trust in the 2nd quarter valued at approximately $28,000. Fairway Wealth LLC purchased a new stake in Royce Small-Cap Trust in the 1st quarter worth approximately $33,000. Private Wealth Asset Management LLC acquired a new stake in shares of Royce Small-Cap Trust during the 4th quarter valued at $52,000. Finally, Assetmark Inc. grew its holdings in shares of Royce Small-Cap Trust by 176.4% during the 1st quarter. Assetmark Inc. now owns 3,701 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 2,362 shares in the last quarter. Institutional investors and hedge funds own 25.57% of the company’s stock.

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.