Royce Small-Cap Trust (NYSE:RVT) Stock Crosses Below 50 Day Moving Average – Here’s Why

Royce Small-Cap Trust, Inc. (NYSE:RVT) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $18.40 and traded as low as $18.16. Royce Small-Cap Trust shares last traded at $18.1750, with a volume of 182,541 shares.

Royce Small-Cap Trust Stock Down 0.9%

The company’s 50 day moving average price is $18.38 and its two-hundred day moving average price is $18.02.

Royce Small-Cap Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Friday, September 11th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.32 dividend on an annualized basis and a yield of 7.4%. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.31.

Institutional Trading of Royce Small-Cap Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE increased its holdings in Royce Small-Cap Trust by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 6,293,535 shares of the financial services provider’s stock valued at $94,718,000 after acquiring an additional 54,485 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Royce Small-Cap Trust by 9.1% during the 4th quarter. Morgan Stanley now owns 6,252,497 shares of the financial services provider’s stock valued at $100,665,000 after purchasing an additional 519,959 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Royce Small-Cap Trust by 6.7% during the 2nd quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider’s stock valued at $47,776,000 after purchasing an additional 198,905 shares during the last quarter. LPL Financial LLC grew its position in shares of Royce Small-Cap Trust by 9.4% during the fourth quarter. LPL Financial LLC now owns 2,257,033 shares of the financial services provider’s stock valued at $36,338,000 after purchasing an additional 194,412 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of Royce Small-Cap Trust by 0.8% during the first quarter. Royal Bank of Canada now owns 1,624,774 shares of the financial services provider’s stock valued at $26,971,000 after purchasing an additional 13,087 shares in the last quarter. 25.57% of the stock is owned by hedge funds and other institutional investors.

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.