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

Royce Small-Cap Trust, Inc. (NYSE:RVT) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $18.03 and traded as high as $18.07. Royce Small-Cap Trust shares last traded at $17.49, with a volume of 503,878 shares traded.

Royce Small-Cap Trust Stock Performance

The company has a 50-day simple moving average of $18.07 and a 200-day simple moving average of $17.38.

Royce Small-Cap Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Thursday, June 11th will be issued a $0.31 dividend. The ex-dividend date is Thursday, June 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.9%. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.30.

Insider Buying and Selling at Royce Small-Cap Trust

In other news, President Christopher D. Clark purchased 4,500 shares of the stock in a transaction that occurred on Tuesday, March 24th. The shares were acquired at an average price of $16.69 per share, for a total transaction of $75,105.00. Following the acquisition, the president directly owned 47,235 shares in the company, valued at approximately $788,352.15. The trade was a 10.53% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Royce Small-Cap Trust

A number of institutional investors and hedge funds have recently modified their holdings of RVT. Cornerstone Advisors LLC grew its holdings in shares of Royce Small-Cap Trust by 476.3% in the 3rd quarter. Cornerstone Advisors LLC now owns 685,519 shares of the financial services provider’s stock worth $11,057,000 after acquiring an additional 566,576 shares during the period. Morgan Stanley grew its holdings in shares of Royce Small-Cap Trust by 9.1% in the 4th quarter. Morgan Stanley now owns 6,252,497 shares of the financial services provider’s stock worth $100,665,000 after acquiring an additional 519,959 shares during the period. Paller Financial Services Inc acquired a new stake in shares of Royce Small-Cap Trust in the 4th quarter worth approximately $5,106,000. Raymond James Financial Inc. grew its holdings 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 worth $47,776,000 after acquiring an additional 198,905 shares during the period. Finally, LPL Financial LLC grew its holdings in shares of Royce Small-Cap Trust by 9.4% in the 4th quarter. LPL Financial LLC now owns 2,257,033 shares of the financial services provider’s stock worth $36,338,000 after acquiring an additional 194,412 shares during the period. Institutional investors and hedge funds 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.