The small-cap focused closed-end fund hits its highest price level in a year amid investor demand.
Royce Value Trust (RVT) shares climbed to a 52-week high of $18.73, reflecting renewed investor interest in small-cap equities. The closed-end fund, which targets undervalued small and micro-cap stocks, has seen steady inflows as market sentiment shifts toward higher-risk assets.
The previous 52-week high was set nearly a year ago, with shares trading below $17 for much of 2024. The fund’s recent performance aligns with broader small-cap outperformance, though it remains below its long-term average premium to net asset value.
No immediate market reaction data was provided, but the move signals growing appetite for value-oriented small-cap exposure.