Royce Small-Cap Trust (NYSE:RVT) Reaches New 52-Week High – Should You Buy?

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

Royce Small-Cap Trust Stock Performance

The stock’s 50-day moving average price is $16.96 and its 200-day moving average price is $16.30.

Royce Small-Cap Trust Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RVT. CWM LLC acquired a new stake in Royce Small-Cap Trust during the 2nd quarter valued at $25,000. Westfuller Advisors LLC acquired a new stake in shares of Royce Small-Cap Trust during the third quarter valued at $29,000. Newbridge Financial Services Group Inc. purchased a new stake in Royce Small-Cap Trust during the 2nd quarter worth about $28,000. Quent Capital LLC acquired a new position in Royce Small-Cap Trust in the 3rd quarter valued at about $46,000. Finally, Coastline Trust Co purchased a new position in Royce Small-Cap Trust in the 3rd quarter valued at about $48,000. 25.57% of the stock is owned by hedge funds and other institutional investors.

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.