171,223 Shares in Royce Small-Cap Trust, Inc. $RVT Purchased by RB Capital Management LLC

Key Points

• RB Capital Management purchased 171,223 shares of Royce Small-Cap Trust during the second quarter, valued at approximately $3.16 million and representing 0.14% of the trust.
• Institutional ownership stands at 25.57%, with major investors including Bank of America, Morgan Stanley, Raymond James Financial, and LPL Financial increasing or initiating positions.
• RVT shares opened at $18.59, near their 52-week high, while the trust raised its quarterly dividend to $0.31, providing an annualized yield of approximately 6.7%.

RB Capital Management LLC bought a new stake in Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 171,223 shares of the financial services provider's stock, valued at approximately $3,162,000. RB Capital Management LLC owned 0.14% of Royce Small-Cap Trust as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE acquired a new stake in shares of Royce Small-Cap Trust during the 2nd quarter worth approximately $111,827,000. Morgan Stanley raised its position in Royce Small-Cap Trust by 9.1% during the fourth quarter. Morgan Stanley now owns 6,252,497 shares of the financial services provider's stock valued at $100,665,000 after purchasing an additional 519,959 shares in the last quarter. Raymond James Financial Inc. raised 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 purchasing an additional 198,905 shares in the last quarter. LPL Financial LLC lifted 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 purchasing an additional 194,412 shares during the last quarter. Finally, Altium Capital Management LLC bought a new stake in Royce Small-Cap Trust during the fourth quarter worth $3,099,000. 25.57% of the stock is currently owned by institutional investors and hedge funds.

Royce Small-Cap Trust Stock Down 1.3%

Shares of RVT stock opened at $18.59 on Friday. Royce Small-Cap Trust, Inc. has a fifty-two week low of $14.97 and a fifty-two week high of $19.12. The stock's fifty day moving average price is $18.38 and its two-hundred day moving average price is $18.02.

Royce Small-Cap Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 11th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 6.7%. This is a boost from Royce Small-Cap Trust's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, June 11th.

Royce Small-Cap Trust 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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