Royce Small-Cap Trust (NYSE:RVT) Sets New 12-Month High – Here’s What Happened

Royce Small-Cap Trust, Inc. (NYSE:RVT – Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $18.88 and last traded at $18.8550, with a volume of 69235 shares changing hands. The stock had previously closed at $18.56.

Royce Small-Cap Trust Stock Up 1.2%

The stock’s 50 day moving average price is $18.13 and its 200 day moving average price is $17.88.

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Royce Small-Cap Trust Increases Dividend

The business also recently disclosed 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 a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date was Thursday, June 11th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wedbush Securities Inc. lifted its holdings in shares of Royce Small-Cap Trust by 2.4% in the fourth quarter. Wedbush Securities Inc. now owns 24,921 shares of the financial services provider’s stock valued at $401,000 after purchasing an additional 574 shares in the last quarter. Carson Advisory Inc. grew its holdings in shares of Royce Small-Cap Trust by 3.4% during the fourth quarter. Carson Advisory Inc. now owns 17,768 shares of the financial services provider’s stock valued at $286,000 after buying an additional 576 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of Royce Small-Cap Trust by 2.5% during 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. raised its position in Royce Small-Cap Trust by 2.8% during 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 during the period. Finally, PMG Family Office LLC raised its position in Royce Small-Cap Trust by 2.1% during the first quarter. PMG Family Office LLC now owns 32,513 shares of the financial services provider’s stock valued at $540,000 after buying an additional 662 shares during the period. 25.57% of the stock is currently owned by hedge funds and other institutional investors.

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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