Royce Small-Cap Trust (NYSE:RVT) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

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 $18.03 and traded as high as $18.07. Royce Small-Cap Trust shares last traded at $17.49, with a volume of 503,878 shares changing hands.

Royce Small-Cap Trust Trading Down 1.5%

The firm’s 50-day moving average price is $18.03 and its 200-day moving average price is $17.36.

Royce Small-Cap Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Thursday, June 11th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 7.1%.

Insider Transactions at Royce Small-Cap Trust

In other news, President Christopher D. Clark acquired 4,500 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was acquired at an average price of $16.69 per share, with a total value of $75,105.00. Following the completion of the purchase, the president directly owned 47,235 shares in the company, valued at approximately $788,352.15. This trade represents a 10.53% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by insiders.

Institutional Trading of Royce Small-Cap Trust

Institutional investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC bought a new stake in Royce Small-Cap Trust in the first quarter worth about $28,000. Newbridge Financial Services Group Inc. bought a new stake in Royce Small-Cap Trust in the second quarter worth about $28,000. Fairway Wealth LLC bought a new stake in Royce Small-Cap Trust in the first quarter worth about $33,000. Private Wealth Asset Management LLC bought a new stake in Royce Small-Cap Trust in the fourth quarter worth about $52,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Royce Small-Cap Trust by 100.0% during the third quarter. EverSource Wealth Advisors LLC now owns 3,500 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,750 shares during the period. Institutional investors own 25.57% of the company’s stock.

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.