Royce Small-Cap Trust (NYSE:RVT) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Royce Small-Cap Trust, Inc. (NYSE:RVT) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $17.60 and traded as low as $16.66. Royce Small-Cap Trust shares last traded at $16.7310, with a volume of 177,065 shares.

Royce Small-Cap Trust Stock Performance

The business’s 50 day moving average price is $17.61 and its 200 day moving average price is $16.61.

Royce Small-Cap Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Thursday, March 12th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Thursday, March 12th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RVT. NewEdge Advisors LLC boosted its holdings in Royce Small-Cap Trust by 5.8% in the 1st quarter. NewEdge Advisors LLC now owns 53,335 shares of the financial services provider’s stock valued at $759,000 after purchasing an additional 2,919 shares during the last quarter. Jane Street Group LLC purchased a new position in Royce Small-Cap Trust during the 1st quarter valued at about $186,000. Envestnet Asset Management Inc. lifted its holdings in Royce Small-Cap Trust by 25.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 29,640 shares of the financial services provider’s stock worth $446,000 after buying an additional 6,051 shares in the last quarter. Allworth Financial LP boosted its position in Royce Small-Cap Trust by 97.9% in the 2nd quarter. Allworth Financial LP now owns 21,598 shares of the financial services provider’s stock valued at $325,000 after buying an additional 10,686 shares during the period. Finally, Cetera Investment Advisers boosted its position in Royce Small-Cap Trust by 7.4% in the 2nd quarter. Cetera Investment Advisers now owns 36,282 shares of the financial services provider’s stock valued at $546,000 after buying an additional 2,494 shares during the period. 25.57% of the stock is owned by hedge funds and other institutional investors.

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.