Royce Small-Cap Trust (NYSE:RVT) Stock Passes Below 50 Day Moving Average – Time to Sell?

Royce Small-Cap Trust, Inc. (NYSE:RVT)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $18.40 and traded as low as $18.16. Royce Small-Cap Trust shares last traded at $18.1750, with a volume of 182,541 shares traded.

Royce Small-Cap Trust Stock Performance

The stock has a 50-day simple moving average of $18.40 and a two-hundred day simple moving average of $18.02.

Royce Small-Cap Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Friday, September 11th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Friday, September 11th. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.31.

Institutional Investors Weigh In On Royce Small-Cap Trust

A number of hedge funds have recently made changes to their positions in RVT. Bank of America Corp DE raised its position in Royce Small-Cap Trust by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 6,293,535 shares of the financial services provider’s stock worth $94,718,000 after purchasing an additional 54,485 shares during the period. Morgan Stanley increased its holdings in shares of Royce Small-Cap Trust by 9.1% in the fourth quarter. Morgan Stanley now owns 6,252,497 shares of the financial services provider’s stock worth $100,665,000 after buying an additional 519,959 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Royce Small-Cap Trust by 6.7% in the 2nd quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider’s stock valued at $47,776,000 after acquiring an additional 198,905 shares during the last quarter. LPL Financial LLC boosted its holdings in Royce Small-Cap Trust by 9.4% during the 4th quarter. LPL Financial LLC now owns 2,257,033 shares of the financial services provider’s stock valued at $36,338,000 after acquiring an additional 194,412 shares during the period. Finally, Royal Bank of Canada grew its position in Royce Small-Cap Trust by 0.8% during the 1st quarter. Royal Bank of Canada now owns 1,624,774 shares of the financial services provider’s stock worth $26,971,000 after acquiring an additional 13,087 shares during the last quarter. 25.57% of the stock is currently owned by 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.