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

Royce Small-Cap Trust, Inc. (NYSE:RVT) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $18.93 and last traded at $18.81, with a volume of 151706 shares. The stock had previously closed at $18.82.

Royce Small-Cap Trust Price Performance

The business has a fifty day simple moving average of $18.20 and a two-hundred day simple moving average of $17.93.

Royce Small-Cap Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Thursday, June 11th. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.30.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in Royce Small-Cap Trust in the second quarter valued at approximately $1,887,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Royce Small-Cap Trust during the 2nd quarter worth approximately $390,000. Evolve Private Wealth LLC purchased a new position in shares of Royce Small-Cap Trust during the 2nd quarter valued at approximately $1,995,000. Landscape Capital Management L.L.C. purchased a new position in shares of Royce Small-Cap Trust during the 2nd quarter valued at approximately $1,628,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Royce Small-Cap Trust in the 2nd quarter valued at $621,000. 25.57% of the stock is currently owned by 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.