Royce Small-Cap Trust (NYSE:RVT) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Royce Small-Cap Trust, Inc. (NYSE:RVTGet Free Report) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $18.21 and traded as high as $18.63. Royce Small-Cap Trust shares last traded at $18.51, with a volume of 316,099 shares trading hands.

Royce Small-Cap Trust Stock Performance

The firm’s 50 day moving average price is $18.22 and its two-hundred day moving average price is $17.57.

Royce Small-Cap Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 11th were issued 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 dividend on an annualized basis and a yield of 6.7%.

Institutional Trading of Royce Small-Cap Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Paller Financial Services Inc acquired a new position in shares of Royce Small-Cap Trust during the 4th quarter worth approximately $5,106,000. Altium Capital Management LLC acquired a new stake in Royce Small-Cap Trust during the 4th quarter valued at $3,099,000. Blue Bell Private Wealth Management LLC lifted its holdings in Royce Small-Cap Trust by 15.8% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 652,300 shares of the financial services provider’s stock valued at $10,502,000 after purchasing an additional 88,928 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Royce Small-Cap Trust by 308.9% during the fourth quarter. Farther Finance Advisors LLC now owns 41,184 shares of the financial services provider’s stock worth $663,000 after purchasing an additional 31,113 shares during the period. Finally, Cypress Capital Management LLC WY boosted its position in Royce Small-Cap Trust by 483.8% during the fourth quarter. Cypress Capital Management LLC WY now owns 189,871 shares of the financial services provider’s stock worth $3,057,000 after purchasing an additional 157,348 shares during the period. Institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Company Profile

(Get Free Report)

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.

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