108,008 Shares in Royce Small-Cap Trust, Inc. $RVT Bought by Evolve Private Wealth LLC

Key Points

• Evolve Private Wealth LLC initiated a 108,008-share position in Royce Small-Cap Trust, valued at approximately $2.0 million and representing 0.09% of the trust. Institutional investors collectively own 25.57% of RVT.
• RVT shares recently traded at $18.70, near their 52-week high of $19.12, with 50-day and 200-day moving averages of $18.31 and $17.98, respectively.
• Royce Small-Cap Trust raised its quarterly dividend from $0.30 to $0.31 per share, equivalent to an annualized dividend of $1.24 and a yield of approximately 6.6%.

Evolve Private Wealth LLC purchased a new stake in Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 108,008 shares of the financial services provider's stock, valued at approximately $1,995,000. Evolve Private Wealth LLC owned 0.09% of Royce Small-Cap Trust at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Western Wealth Management LLC acquired a new stake in Royce Small-Cap Trust during the 1st quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Royce Small-Cap Trust in the 2nd quarter worth approximately $28,000. Fairway Wealth LLC bought a new stake in shares of Royce Small-Cap Trust in the 1st quarter valued at $33,000. Private Wealth Asset Management LLC acquired a new stake in shares of Royce Small-Cap Trust during the fourth quarter worth $52,000. Finally, Assetmark Inc. raised its stake in Royce Small-Cap Trust by 176.4% during the first quarter. Assetmark Inc. now owns 3,701 shares of the financial services provider's stock worth $61,000 after buying an additional 2,362 shares during the last quarter. 25.57% of the stock is currently owned by institutional investors.

Royce Small-Cap Trust Stock Up 0.8%

Shares of RVT stock opened at $18.70 on Friday. The firm has a 50 day moving average of $18.31 and a 200-day moving average of $17.98. Royce Small-Cap Trust, Inc. has a 52 week low of $14.97 and a 52 week high of $19.12.

Royce Small-Cap Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 11th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, June 11th. This is a boost from Royce Small-Cap Trust's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 6.6%.

Royce Small-Cap Trust Company Profile

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.

Want to see what other hedge funds are holding RVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report).

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