Royce Small-Cap Trust (NYSE:RVT) Stock Crosses Below 50 Day Moving Average - What's Next?

Key Points

• RVT shares fell below their 50-day moving average, trading as low as $16.63 and last changing hands at $16.74, below the $17.71 50-day and $18.00 200-day averages.
• Royce Small-Cap Trust raised its quarterly dividend to $0.33 per share from $0.31, equating to an annualized dividend of $1.32 and a yield of approximately 7.9%.
• Hedge funds and other institutional investors own 25.57% of RVT, with several firms recently modestly increasing their positions.

Royce Small-Cap Trust, Inc. (NYSE:RVT - Get Free Report) shares passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $17.71 and traded as low as $16.63. Royce Small-Cap Trust shares last traded at $16.74, with a volume of 235,347 shares traded.

Royce Small-Cap Trust Stock Performance

The company's 50 day moving average price is $17.71 and its two-hundred day moving average price is $18.00.

Royce Small-Cap Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Friday, September 11th were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.32 dividend on an annualized basis and a yield of 7.9%. This is an increase from Royce Small-Cap Trust's previous quarterly dividend of $0.31.

Hedge Funds Weigh In On Royce Small-Cap Trust

Several institutional investors and hedge funds have recently bought and sold shares of RVT. Private Advisor Group LLC increased its position in Royce Small-Cap Trust by 0.4% in the first quarter. Private Advisor Group LLC now owns 182,851 shares of the financial services provider's stock worth $3,035,000 after buying an additional 703 shares in the last quarter. Waverly Advisors LLC lifted its position in shares of Royce Small-Cap Trust by 1.6% during the 2nd quarter. Waverly Advisors LLC now owns 53,079 shares of the financial services provider's stock valued at $980,000 after buying an additional 825 shares in the last quarter. Beacon Financial Advisory LLC lifted its position in shares of Royce Small-Cap Trust by 5.0% during the 1st quarter. Beacon Financial Advisory LLC now owns 19,022 shares of the financial services provider's stock valued at $316,000 after buying an additional 898 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Royce Small-Cap Trust by 0.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 189,145 shares of the financial services provider's stock valued at $3,140,000 after acquiring an additional 1,000 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of Royce Small-Cap Trust by 2.1% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 50,219 shares of the financial services provider's stock valued at $834,000 after acquiring an additional 1,056 shares during the period. 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 diversified, closed-end investment company focused primarily on investing in small-capitalization companies. The fund seeks long-term capital growth by holding a portfolio of businesses that Royce & Associates, its investment adviser, believes offer attractive value and growth potential.

The trust invests across a range of industries, generally emphasizing established small companies with characteristics such as strong management, sound balance sheets, and the potential to improve their earnings or business performance.

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