Royce Small-Cap Trust (NYSE:RVT) Sets New 12-Month High – Here’s What Happened

Royce Small-Cap Trust, Inc. (NYSE:RVT) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $18.88 and last traded at $18.8550, with a volume of 69235 shares changing hands. The stock had previously closed at $18.56.

Royce Small-Cap Trust Stock Up 1.2%

The company has a fifty day simple moving average of $18.13 and a two-hundred day simple moving average of $17.88.

Royce Small-Cap Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were issued a $0.31 dividend. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, June 11th. This represents a $1.24 annualized dividend and a yield of 6.6%.

Institutional Investors Weigh In On Royce Small-Cap Trust

Hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC acquired a new position in shares of Royce Small-Cap Trust in the 1st quarter valued at $28,000. Newbridge Financial Services Group Inc. acquired a new position in Royce Small-Cap Trust in the second quarter valued at $28,000. Fairway Wealth LLC purchased a new stake in Royce Small-Cap Trust during the first quarter valued at about $33,000. Private Wealth Asset Management LLC acquired a new stake in Royce Small-Cap Trust during the fourth quarter worth about $52,000. Finally, Assetmark Inc. raised its holdings in shares of Royce Small-Cap Trust by 176.4% in the 1st quarter. Assetmark Inc. now owns 3,701 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 2,362 shares during the period. 25.57% of the stock is owned by institutional investors and hedge funds.

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.