Royce Small-Cap Trust (NYSE:RVT) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Royce Small-Cap Trust, Inc. (NYSE:RVT) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $18.03 and traded as high as $18.07. Royce Small-Cap Trust shares last traded at $17.49, with a volume of 503,878 shares changing hands.

Royce Small-Cap Trust Trading Down 1.5%

The firm’s fifty day simple moving average is $18.03 and its 200 day simple moving average is $17.36.

Royce Small-Cap Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Thursday, June 11th will be issued a dividend of $0.31 per share. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.24 annualized dividend and a dividend yield of 7.1%.

Insider Activity at Royce Small-Cap Trust

In related news, President Christopher D. Clark acquired 4,500 shares of the company’s stock in a transaction on Tuesday, March 24th. The stock was acquired at an average price of $16.69 per share, with a total value of $75,105.00. Following the acquisition, the president directly owned 47,235 shares of the company’s stock, valued at approximately $788,352.15. This trade represents a 10.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RVT. Wedbush Securities Inc. raised its position in shares of Royce Small-Cap Trust by 2.4% during the 4th quarter. Wedbush Securities Inc. now owns 24,921 shares of the financial services provider’s stock valued at $401,000 after buying an additional 574 shares in the last quarter. Carson Advisory Inc. raised its position in shares of Royce Small-Cap Trust by 3.4% during the 4th 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 raised its position in shares of Royce Small-Cap Trust by 2.5% during the 4th 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 shares of Royce Small-Cap Trust by 2.8% during the 3rd 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 position 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 valued at $540,000 after buying an additional 662 shares in the last quarter. Institutional investors own 25.57% of the company’s stock.

About Royce Small-Cap Trust

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.