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

Royce Small-Cap Trust, Inc. (NYSE:RVT) 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 changing hands.

Royce Small-Cap Trust Price Performance

The stock has a 50-day simple moving average of $18.21 and a 200-day simple moving average of $17.56.

Royce Small-Cap Trust Increases Dividend

The company also recently declared 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 annualized dividend 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.

Institutional Investors Weigh In On Royce Small-Cap Trust

Several large investors have recently added to or reduced their stakes in RVT. Wedbush Securities Inc. raised its stake in Royce Small-Cap Trust by 2.4% in the 4th quarter. Wedbush Securities Inc. now owns 24,921 shares of the financial services provider’s stock valued at $401,000 after acquiring an additional 574 shares during the period. Carson Advisory Inc. boosted its position in Royce Small-Cap Trust by 3.4% during the fourth quarter. Carson Advisory Inc. now owns 17,768 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 576 shares during the period. Kestra Advisory Services LLC increased its stake in shares of Royce Small-Cap Trust by 2.5% in the fourth quarter. Kestra Advisory Services LLC now owns 25,573 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 630 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of Royce Small-Cap Trust by 2.8% in the third quarter. Moors & Cabot Inc. now owns 24,501 shares of the financial services provider’s stock valued at $395,000 after purchasing an additional 660 shares during the period. Finally, PMG Family Office LLC lifted its stake 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. Hedge funds and other 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.