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

Shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $17.18 and traded as low as $17.03. Royce Small-Cap Trust shares last traded at $17.1550, with a volume of 211,474 shares.

Royce Small-Cap Trust Price Performance

The firm has a 50-day moving average of $17.18 and a 200 day moving average of $17.79.

Royce Small-Cap Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Friday, September 11th were paid a $0.33 dividend. The ex-dividend date of this dividend was Friday, September 11th. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 7.7%.

Institutional Investors Weigh In On Royce Small-Cap Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE acquired a new stake in Royce Small-Cap Trust in the second quarter worth about $111,827,000. Royal Bank of Canada grew its position in Royce Small-Cap Trust by 0.8% in the 1st quarter. Royal Bank of Canada now owns 1,624,774 shares of the financial services provider’s stock valued at $26,971,000 after buying an additional 13,087 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its position in Royce Small-Cap Trust by 10.3% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 743,968 shares of the financial services provider’s stock valued at $12,744,000 after buying an additional 69,239 shares in the last quarter. Rivernorth Capital Management LLC increased its stake in Royce Small-Cap Trust by 0.9% during the 2nd quarter. Rivernorth Capital Management LLC now owns 607,243 shares of the financial services provider’s stock valued at $11,216,000 after buying an additional 5,268 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Royce Small-Cap Trust by 99.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 573,423 shares of the financial services provider’s stock valued at $9,823,000 after buying an additional 286,140 shares during the period. 25.57% of the stock is currently owned by institutional investors.

About Royce Small-Cap Trust

Royce Small-Cap Trust, Inc. is a closed-end investment company that seeks long-term growth of capital by investing primarily in small-capitalization companies. Its portfolio focuses on equity securities, with an emphasis on businesses in the United States. The trust has operated since 1986 and is managed by Royce Investment Partners, an investment manager specializing in small-cap companies. Its approach centers on researching and selecting individual businesses for a diversified portfolio.