Royce Small-Cap Trust (NYSE:RVT) Sets New 52-Week High – Still a Buy?

Royce Small-Cap Trust, Inc. (NYSE:RVT)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $18.43 and last traded at $18.4230, with a volume of 158857 shares changing hands. The stock had previously closed at $18.37.

Royce Small-Cap Trust Stock Up 0.5%

The company’s 50 day simple moving average is $16.96 and its 200 day simple moving average is $16.30.

Royce Small-Cap Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders 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 represents a $2.16 annualized dividend and a dividend yield of 11.7%. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.29.

Institutional Investors Weigh In On Royce Small-Cap Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 worth $94,718,000 after purchasing an additional 54,485 shares during the period. Morgan Stanley raised its holdings in 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 valued at $100,665,000 after buying an additional 519,959 shares during the period. Raymond James Financial Inc. lifted its position in Royce Small-Cap Trust by 6.7% during 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 buying an additional 198,905 shares in the last quarter. LPL Financial LLC grew its stake 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 worth $36,338,000 after buying an additional 194,412 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Royce Small-Cap Trust by 1.7% during the fourth quarter. Royal Bank of Canada now owns 1,611,687 shares of the financial services provider’s stock worth $25,949,000 after purchasing an additional 26,655 shares in the last quarter. 25.57% of the stock is currently 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.