Royce Small-Cap Trust, Inc. (NYSE:RVT – Get Free Report) declared a quarterly dividend on Tuesday, September 1st. Stockholders of record on Friday, September 11th will be given a dividend of 0.33 per share by the financial services provider on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Friday, September 11th. This is a 6.5% increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.31.
Royce Small-Cap Trust Trading Up 0.6%
Shares of RVT stock traded up $0.12 on Wednesday, reaching $18.31. The company’s stock had a trading volume of 92,590 shares, compared to its average volume of 301,076. The stock’s fifty day simple moving average is $18.40 and its 200-day simple moving average is $18.02. Royce Small-Cap Trust has a 1 year low of $14.97 and a 1 year high of $19.12.
Institutional Trading of Royce Small-Cap Trust
Hedge funds have recently made changes to their positions in the business. Western Wealth Management LLC bought a new position in shares of Royce Small-Cap Trust in the 1st quarter valued at about $28,000. Newbridge Financial Services Group Inc. purchased a new stake in Royce Small-Cap Trust during the second quarter valued at approximately $28,000. Fairway Wealth LLC bought a new stake in shares of Royce Small-Cap Trust in the 1st quarter valued at approximately $33,000. Private Wealth Asset Management LLC purchased a new position in shares of Royce Small-Cap Trust in the 4th quarter worth approximately $52,000. Finally, Assetmark Inc. increased its position 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 purchasing an additional 2,362 shares during the last quarter. 25.57% of the stock is currently 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.
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