Royce Small-Cap Trust (NYSE:RVT) Shares Cross Below 50 Day Moving Average – Here’s Why

Shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $18.15 and traded as low as $17.82. Royce Small-Cap Trust shares last traded at $17.9080, with a volume of 1,847,208 shares changing hands.

Royce Small-Cap Trust Stock Performance

The company has a 50 day moving average of $18.15 and a 200-day moving average of $17.71.

Royce Small-Cap Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.9%. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, June 11th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of RVT. Western Wealth Management LLC acquired a new stake in Royce Small-Cap Trust during the first quarter worth about $28,000. Newbridge Financial Services Group Inc. acquired a new position in Royce Small-Cap Trust in the second quarter valued at approximately $28,000. Fairway Wealth LLC bought a new position in shares of Royce Small-Cap Trust during the first quarter valued at approximately $33,000. Private Wealth Asset Management LLC bought a new position in shares of Royce Small-Cap Trust during the fourth quarter valued at approximately $52,000. Finally, Assetmark Inc. raised its position in shares of Royce Small-Cap Trust by 176.4% during the 1st quarter. Assetmark Inc. now owns 3,701 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 2,362 shares during the period. 25.57% of the stock is owned by institutional investors and hedge funds.

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.