Royce Small-Cap Trust (NYSE:RVT) Shares Pass Below 50-Day Moving Average – Should You Sell?

Royce Small-Cap Trust, Inc. (NYSE:RVT)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $18.40 and traded as low as $18.16. Royce Small-Cap Trust shares last traded at $18.1750, with a volume of 182,541 shares traded.

Royce Small-Cap Trust Stock Performance

The stock’s fifty day moving average is $18.40 and its two-hundred day moving average is $18.02.

Royce Small-Cap Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Friday, September 11th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, September 11th. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 7.3%.

Hedge Funds Weigh In On Royce Small-Cap Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in shares of Royce Small-Cap Trust by 0.9% in 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 acquiring an additional 54,485 shares in the last quarter. Morgan Stanley increased its position in shares of Royce Small-Cap Trust by 9.1% in the fourth quarter. Morgan Stanley now owns 6,252,497 shares of the financial services provider’s stock worth $100,665,000 after purchasing an additional 519,959 shares during the last quarter. Raymond James Financial Inc. raised its stake in 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 purchasing an additional 198,905 shares in the last quarter. LPL Financial LLC lifted its position in Royce Small-Cap Trust by 9.4% during the fourth quarter. LPL Financial LLC now owns 2,257,033 shares of the financial services provider’s stock valued at $36,338,000 after purchasing an additional 194,412 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Royce Small-Cap Trust by 0.8% in the 1st quarter. Royal Bank of Canada now owns 1,624,774 shares of the financial services provider’s stock worth $26,971,000 after buying an additional 13,087 shares in the last quarter. 25.57% of the stock is currently owned by hedge funds and other institutional investors.

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.