Royce Small-Cap Trust (NYSE:RVT) Sets New 1-Year High – Here’s Why

Shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) hit a new 52-week high during trading on Tuesday . The company traded as high as $17.74 and last traded at $17.5950, with a volume of 103 shares changing hands. The stock had previously closed at $17.48.

Royce Small-Cap Trust Stock Up 0.6%

The stock has a fifty day moving average of $16.62 and a 200 day moving average of $16.12.

Royce Small-Cap Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Thursday, December 11th were issued a dividend of $0.54 per share. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.29. This represents a $2.16 annualized dividend and a yield of 12.3%. The ex-dividend date of this dividend was Thursday, December 11th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RVT. CWM LLC bought a new stake in Royce Small-Cap Trust during the second quarter valued at about $25,000. Newbridge Financial Services Group Inc. bought a new stake in Royce Small-Cap Trust during the 2nd quarter valued at approximately $28,000. Westfuller Advisors LLC bought a new stake in Royce Small-Cap Trust during the 3rd quarter valued at approximately $29,000. Quent Capital LLC purchased a new position in Royce Small-Cap Trust in the 3rd quarter worth approximately $46,000. Finally, Coastline Trust Co bought a new position in Royce Small-Cap Trust in the 3rd quarter worth approximately $48,000. Hedge funds and other 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.