Royce Small-Cap Trust (NYSE:RVT) Hits New 52-Week High – What’s Next?

Royce Small-Cap Trust, Inc. (NYSE:RVT)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $17.47 and last traded at $17.3970, with a volume of 484965 shares traded. The stock had previously closed at $17.12.

Royce Small-Cap Trust Stock Up 1.7%

The stock has a 50 day moving average price of $16.25 and a two-hundred day moving average price of $15.98.

Royce Small-Cap Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Thursday, December 11th were given a dividend of $0.54 per share. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.29. This represents a $2.16 annualized dividend and a dividend yield of 12.4%. The ex-dividend date of this dividend was Thursday, December 11th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RVT. Paller Financial Services Inc acquired a new stake in Royce Small-Cap Trust during the 4th quarter worth approximately $5,106,000. TrueMark Investments LLC grew its stake in shares of Royce Small-Cap Trust by 2.5% in the fourth quarter. TrueMark Investments LLC now owns 70,779 shares of the financial services provider’s stock worth $1,140,000 after acquiring an additional 1,738 shares in the last quarter. Stolper Co increased its position in shares of Royce Small-Cap Trust by 3.3% during the fourth quarter. Stolper Co now owns 53,094 shares of the financial services provider’s stock worth $855,000 after acquiring an additional 1,715 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Royce Small-Cap Trust by 13.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,893 shares of the financial services provider’s stock valued at $214,000 after acquiring an additional 1,528 shares in the last quarter. Finally, Bay Rivers Group raised its stake in shares of Royce Small-Cap Trust by 3.9% in the fourth quarter. Bay Rivers Group now owns 46,975 shares of the financial services provider’s stock valued at $756,000 after acquiring an additional 1,766 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.