Royce Small-Cap Trust (NYSE:RVT) Sets New 1-Year High – Still a Buy?

Royce Small-Cap Trust, Inc. (NYSE:RVT)’s stock price reached a new 52-week high on Friday . The company traded as high as $18.88 and last traded at $18.8550, with a volume of 69235 shares traded. The stock had previously closed at $18.56.

Royce Small-Cap Trust Stock Performance

The business’s 50-day simple moving average is $18.13 and its 200 day simple moving average is $17.88.

Royce Small-Cap Trust Increases Dividend

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

Hedge Funds Weigh In On Royce Small-Cap Trust

A number of large investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC purchased a new stake in Royce Small-Cap Trust during the first quarter valued at about $28,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Royce Small-Cap Trust in the second quarter worth about $28,000. Fairway Wealth LLC bought a new stake in shares of Royce Small-Cap Trust in the 1st quarter valued at about $33,000. Private Wealth Asset Management LLC bought a new stake in shares of Royce Small-Cap Trust in the 4th quarter valued at about $52,000. Finally, Assetmark Inc. boosted its holdings in Royce Small-Cap Trust by 176.4% during the 1st quarter. Assetmark Inc. now owns 3,701 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 2,362 shares during the period. 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.