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

Royce Small-Cap Trust, Inc. (NYSE:RVT) hit a new 52-week high during trading on Thursday . The stock traded as high as $18.93 and last traded at $18.81, with a volume of 151706 shares traded. The stock had previously closed at $18.82.

Royce Small-Cap Trust Stock Performance

The stock’s 50 day moving average price is $18.16 and its two-hundred day moving average price is $17.92.

Royce Small-Cap Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were given a dividend of $0.31 per share. The ex-dividend date was Thursday, June 11th. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 6.6%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RVT. Wedbush Securities Inc. raised its holdings in Royce Small-Cap Trust by 2.4% during the fourth quarter. Wedbush Securities Inc. now owns 24,921 shares of the financial services provider’s stock worth $401,000 after purchasing an additional 574 shares during the last quarter. Carson Advisory Inc. grew its holdings in Royce Small-Cap Trust by 3.4% in the fourth quarter. Carson Advisory Inc. now owns 17,768 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 576 shares during the last quarter. Kestra Advisory Services LLC increased its position in shares of Royce Small-Cap Trust by 2.5% in the fourth quarter. Kestra Advisory Services LLC now owns 25,573 shares of the financial services provider’s stock valued at $412,000 after buying an additional 630 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of Royce Small-Cap Trust by 2.8% in the third quarter. Moors & Cabot Inc. now owns 24,501 shares of the financial services provider’s stock valued at $395,000 after buying an additional 660 shares in the last quarter. Finally, PMG Family Office LLC raised its stake in shares of Royce Small-Cap Trust by 2.1% during the 1st quarter. PMG Family Office LLC now owns 32,513 shares of the financial services provider’s stock worth $540,000 after buying an additional 662 shares during the last quarter. 25.57% of the stock is owned by hedge funds and other 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.