Royce Small-Cap Trust (NYSE:RVT) Reaches New 12-Month High – Here’s Why

Royce Small-Cap Trust, Inc. (NYSE:RVT)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $16.88 and last traded at $16.8550, with a volume of 208709 shares trading hands. The stock had previously closed at $16.74.

Royce Small-Cap Trust Stock Up 0.5%

The business’s 50 day simple moving average is $16.06 and its 200 day simple moving average is $15.88.

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 paid a dividend of $0.54 per share. The ex-dividend date of this dividend 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 12.8%.

Hedge Funds Weigh In On Royce Small-Cap Trust

A number of institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC raised its holdings in Royce Small-Cap Trust by 5.8% during the 1st quarter. NewEdge Advisors LLC now owns 53,335 shares of the financial services provider’s stock valued at $759,000 after buying an additional 2,919 shares during the period. Jane Street Group LLC bought a new position in Royce Small-Cap Trust during the first quarter valued at $186,000. Belpointe Asset Management LLC bought a new position in Royce Small-Cap Trust during the first quarter valued at $192,000. Jacobi Capital Management LLC purchased a new stake in shares of Royce Small-Cap Trust in the first quarter valued at $160,000. Finally, Bay Rivers Group lifted its holdings in shares of Royce Small-Cap Trust by 5.7% in the 2nd quarter. Bay Rivers Group now owns 42,559 shares of the financial services provider’s stock worth $641,000 after acquiring an additional 2,285 shares during the last quarter. Hedge funds and other institutional investors own 25.57% of the company’s stock.

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.