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

Royce Small-Cap Trust, Inc. (NYSE:RVT) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $17.18 and traded as low as $17.03. Royce Small-Cap Trust shares last traded at $17.1550, with a volume of 211,474 shares trading hands.

Royce Small-Cap Trust Stock Performance

The business’s 50-day moving average is $17.14 and its 200-day moving average is $17.78.

Royce Small-Cap Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Friday, September 11th were paid a dividend of $0.33 per share. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Friday, September 11th.

Hedge Funds Weigh In On Royce Small-Cap Trust

Several large investors have recently made changes to their positions in the business. First Trust Advisors LP boosted its position in shares of Royce Small-Cap Trust by 8.0% in the 3rd quarter. First Trust Advisors LP now owns 93,196 shares of the financial services provider’s stock worth $1,596,000 after purchasing an additional 6,870 shares in the last quarter. TIAA CREF Individual & Institutional Services LLC raised its stake in Royce Small-Cap Trust by 4.0% during the third quarter. TIAA CREF Individual & Institutional Services LLC now owns 16,540 shares of the financial services provider’s stock valued at $283,000 after buying an additional 634 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in Royce Small-Cap Trust during the third quarter valued at $2,715,000. Private Advisor Group LLC raised its stake in Royce Small-Cap Trust by 17.4% during the third quarter. Private Advisor Group LLC now owns 271,400 shares of the financial services provider’s stock valued at $4,649,000 after buying an additional 40,142 shares during the last quarter. Finally, Independent Advisor Alliance purchased a new position in Royce Small-Cap Trust during the third quarter valued at $180,000. 25.57% of the stock is currently owned by hedge funds and other institutional investors.

About Royce Small-Cap Trust

Royce Small-Cap Trust, Inc. is a closed-end investment company that seeks long-term growth of capital by investing primarily in small-capitalization companies. Its portfolio focuses on equity securities, with an emphasis on businesses in the United States. The trust has operated since 1986 and is managed by Royce Investment Partners, an investment manager specializing in small-cap companies. Its approach centers on researching and selecting individual businesses for a diversified portfolio.