Royce Small-Cap Trust (NYSE:RVT) Hits New 1-Year High – What’s Next?

Royce Small-Cap Trust, Inc. (NYSE:RVT) hit a new 52-week high during trading on Thursday . The company traded as high as $17.23 and last traded at $17.2540, with a volume of 198835 shares changing hands. The stock had previously closed at $17.13.

Royce Small-Cap Trust Price Performance

The firm’s fifty day simple moving average is $16.13 and its 200 day simple moving average is $15.93.

Royce Small-Cap Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Thursday, December 11th were paid a dividend of $0.54 per share. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, December 11th. This represents a $2.16 annualized dividend and a yield of 12.6%.

Institutional Trading of Royce Small-Cap Trust

A number of institutional investors have recently made changes to their positions in RVT. Intrepid Family Office LLC purchased a new position in shares of Royce Small-Cap Trust during the 2nd quarter worth $752,000. Allspring Global Investments Holdings LLC increased its position in Royce Small-Cap Trust by 16.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 184,744 shares of the financial services provider’s stock worth $2,780,000 after purchasing an additional 26,570 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its stake in Royce Small-Cap Trust by 14.5% during the third quarter. Blue Bell Private Wealth Management LLC now owns 563,372 shares of the financial services provider’s stock worth $9,087,000 after purchasing an additional 71,196 shares during the period. Wolverine Asset Management LLC boosted its holdings in Royce Small-Cap Trust by 1,982.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 163,139 shares of the financial services provider’s stock valued at $2,455,000 after purchasing an additional 155,305 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Royce Small-Cap Trust by 25.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 29,640 shares of the financial services provider’s stock valued at $446,000 after buying an additional 6,051 shares during the period. 25.57% of the stock is owned by institutional investors and hedge funds.

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.