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

Royce Small-Cap Trust, Inc. (NYSE:RVT)’s stock price reached a new 52-week high on Thursday . The company traded as high as $18.93 and last traded at $18.81, with a volume of 151706 shares changing hands. The stock had previously closed at $18.82.

Royce Small-Cap Trust Price Performance

The firm’s 50 day simple moving average is $18.16 and its 200-day simple moving average is $17.92.

Royce Small-Cap Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 11th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.6%. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, June 11th.

Institutional Investors Weigh In On Royce Small-Cap Trust

A number of hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new position in Royce Small-Cap Trust during the 1st quarter worth approximately $28,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Royce Small-Cap Trust in the 2nd quarter valued at approximately $28,000. Fairway Wealth LLC acquired a new stake in shares of Royce Small-Cap Trust in the 1st quarter valued at approximately $33,000. Private Wealth Asset Management LLC purchased a new stake in shares of Royce Small-Cap Trust in the fourth quarter valued at approximately $52,000. Finally, Assetmark Inc. boosted its stake in shares of Royce Small-Cap Trust by 176.4% in the first quarter. Assetmark Inc. now owns 3,701 shares of the financial services provider’s stock valued at $61,000 after buying an additional 2,362 shares in the last quarter. Institutional investors and hedge funds 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.