Royce Small-Cap Trust (NYSE:RVT) Reaches New 52-Week High – What’s Next?

Royce Small-Cap Trust, Inc. (NYSE:RVT) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $17.23 and last traded at $17.2540, with a volume of 198835 shares trading hands. The stock had previously closed at $17.13.

Royce Small-Cap Trust Stock Up 1.0%

The company has a fifty day moving average price of $16.20 and a 200 day moving average price of $15.95.

Royce Small-Cap Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Thursday, December 11th were given a $0.54 dividend. The ex-dividend date was Thursday, December 11th. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.29. This represents a $2.16 annualized dividend and a yield of 12.4%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RVT. Bank of America Corp DE raised its holdings in Royce Small-Cap Trust by 0.9% during the 2nd quarter. Bank of America Corp DE now owns 6,293,535 shares of the financial services provider’s stock valued at $94,718,000 after buying an additional 54,485 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Royce Small-Cap Trust by 6.7% in the second 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 period. Janney Montgomery Scott LLC raised its stake in shares of Royce Small-Cap Trust by 38.0% during the second quarter. Janney Montgomery Scott LLC now owns 693,008 shares of the financial services provider’s stock valued at $10,430,000 after acquiring an additional 190,986 shares during the last quarter. Cornerstone Advisors LLC boosted its holdings in shares of Royce Small-Cap Trust by 476.3% during the third quarter. Cornerstone Advisors LLC now owns 685,519 shares of the financial services provider’s stock worth $11,057,000 after purchasing an additional 566,576 shares during the period. Finally, Waterfront Wealth Inc. grew its stake in shares of Royce Small-Cap Trust by 41.1% in the third quarter. Waterfront Wealth Inc. now owns 679,108 shares of the financial services provider’s stock worth $10,786,000 after purchasing an additional 197,680 shares during the last quarter. 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.