Royce Small-Cap Trust (NYSE:RVT) Shares Pass Above 50 Day Moving Average – What’s Next?

Royce Small-Cap Trust, Inc. (NYSE:RVT)’s share price crossed 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 traded.

Royce Small-Cap Trust Price Performance

The company has a 50-day simple moving average of $18.21 and a two-hundred day simple moving average of $17.56.

Royce Small-Cap Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 11th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Thursday, June 11th. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.30.

Hedge Funds Weigh In On Royce Small-Cap Trust

Several institutional investors have recently added to or reduced their stakes in RVT. Morgan Stanley increased its holdings in Royce Small-Cap Trust by 9.1% during the fourth quarter. Morgan Stanley now owns 6,252,497 shares of the financial services provider’s stock worth $100,665,000 after buying an additional 519,959 shares during the last quarter. Paller Financial Services Inc bought a new position in shares of Royce Small-Cap Trust during the 4th quarter valued at approximately $5,106,000. Raymond James Financial Inc. grew its position in shares of Royce Small-Cap Trust by 6.7% during the 2nd quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider’s stock valued at $47,776,000 after acquiring an additional 198,905 shares during the period. LPL Financial LLC increased its stake in shares of Royce Small-Cap Trust by 9.4% during the 4th quarter. LPL Financial LLC now owns 2,257,033 shares of the financial services provider’s stock worth $36,338,000 after purchasing an additional 194,412 shares during the last quarter. Finally, Altium Capital Management LLC purchased a new stake in shares of Royce Small-Cap Trust during the 4th quarter worth approximately $3,099,000. 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.