Royce Small-Cap Trust (NYSE:RVT) Reaches New 12-Month High – What’s Next?

Royce Small-Cap Trust, Inc. (NYSE:RVT) reached a new 52-week high on Friday . The company traded as high as $16.88 and last traded at $16.8550, with a volume of 208709 shares trading hands. The stock had previously closed at $16.74.

Royce Small-Cap Trust Stock Up 0.5%

The business has a 50 day moving average price of $16.04 and a 200 day moving average price of $15.86.

Royce Small-Cap Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Thursday, December 11th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend was Thursday, December 11th. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.29.

Institutional Trading of Royce Small-Cap Trust

Hedge funds have recently added to or reduced their stakes in the company. CWM LLC purchased a new position in Royce Small-Cap Trust in the second quarter valued at $25,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Royce Small-Cap Trust during the 2nd quarter valued at about $28,000. Westfuller Advisors LLC purchased a new position in shares of Royce Small-Cap Trust in the 3rd quarter valued at about $29,000. Quent Capital LLC purchased a new position in shares of Royce Small-Cap Trust in the 3rd quarter valued at about $46,000. Finally, Coastline Trust Co acquired a new position in Royce Small-Cap Trust in the 3rd quarter worth about $48,000. 25.57% of the stock is 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.