Royce Small-Cap Trust (NYSE:RVT) Hits New 1-Year High – Here’s Why

Royce Small-Cap Trust, Inc. (NYSE:RVT) hit a new 52-week high on Wednesday . The stock traded as high as $16.87 and last traded at $16.83, with a volume of 537687 shares trading hands. The stock had previously closed at $16.47.

Royce Small-Cap Trust Stock Performance

The business has a 50 day simple moving average of $15.99 and a 200-day simple moving average of $15.68.

Royce Small-Cap Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Thursday, December 11th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, December 11th. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.29. This represents a $2.16 annualized dividend and a dividend yield of 13.4%.

Hedge Funds Weigh In On Royce Small-Cap Trust

Several large investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new stake in shares of Royce Small-Cap Trust in the 1st quarter worth $156,000. HighTower Advisors LLC boosted its holdings in Royce Small-Cap Trust by 2.8% during the first quarter. HighTower Advisors LLC now owns 148,264 shares of the financial services provider’s stock worth $2,111,000 after purchasing an additional 4,011 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in Royce Small-Cap Trust by 2.2% during the first quarter. Nations Financial Group Inc. IA ADV now owns 50,580 shares of the financial services provider’s stock worth $720,000 after purchasing an additional 1,083 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Royce Small-Cap Trust by 23.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 52,581 shares of the financial services provider’s stock worth $749,000 after purchasing an additional 9,978 shares in the last quarter. Finally, PKS Advisory Services LLC increased its stake in Royce Small-Cap Trust by 6.1% in the 1st quarter. PKS Advisory Services LLC now owns 20,532 shares of the financial services provider’s stock valued at $290,000 after buying an additional 1,188 shares during the last quarter. 25.57% of the stock is currently owned by institutional investors.

Royce Small-Cap Trust Company Profile

Royce Value Trust Inc is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies.