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

Royce Small-Cap Trust, Inc. (NYSE:RVT)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $18.43 and last traded at $18.4230, with a volume of 158857 shares traded. The stock had previously closed at $18.37.

Royce Small-Cap Trust Stock Down 0.7%

The firm has a fifty day simple moving average of $17.08 and a 200-day simple moving average of $16.35.

Royce Small-Cap Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Thursday, December 11th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 11.7%. The ex-dividend date of this dividend was Thursday, December 11th. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.29.

Institutional Investors Weigh In On Royce Small-Cap Trust

Several institutional investors have recently bought and sold shares of the company. CWM LLC bought a new position in shares of Royce Small-Cap Trust in the second quarter valued at $25,000. Newbridge Financial Services Group Inc. bought a new position in shares of Royce Small-Cap Trust in the 2nd quarter valued at about $28,000. Westfuller Advisors LLC acquired a new position in shares of Royce Small-Cap Trust during the 3rd quarter worth about $29,000. Quent Capital LLC bought a new stake in shares of Royce Small-Cap Trust in the 3rd quarter valued at about $46,000. Finally, Coastline Trust Co bought a new stake in shares of Royce Small-Cap Trust in the 3rd quarter valued at about $48,000. Institutional investors own 25.57% of the company’s stock.

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.