Advisor Resource Council Purchases Shares of 30,439 Royce Small-Cap Trust, Inc. (NYSE:RVT)

Advisor Resource Council purchased a new position in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 30,439 shares of the financial services provider's stock, valued at approximately $433,000.

Several other hedge funds have also recently modified their holdings of the stock. Atria Wealth Solutions Inc. grew its position in Royce Small-Cap Trust by 18.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 12,230 shares of the financial services provider's stock worth $193,000 after purchasing an additional 1,903 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Royce Small-Cap Trust by 2.5% during the fourth quarter. Private Advisor Group LLC now owns 137,195 shares of the financial services provider's stock worth $2,168,000 after buying an additional 3,409 shares during the period. Alexander Randolph Advisory Inc. grew its holdings in shares of Royce Small-Cap Trust by 2.9% during the fourth quarter. Alexander Randolph Advisory Inc. now owns 30,963 shares of the financial services provider's stock valued at $489,000 after buying an additional 871 shares during the last quarter. Dover Advisors LLC acquired a new position in shares of Royce Small-Cap Trust in the 4th quarter valued at $228,000. Finally, Rothschild Investment LLC increased its position in shares of Royce Small-Cap Trust by 9.3% in the 4th quarter. Rothschild Investment LLC now owns 195,061 shares of the financial services provider's stock valued at $3,082,000 after acquiring an additional 16,637 shares during the period. Institutional investors and hedge funds own 25.57% of the company's stock.

Royce Small-Cap Trust Stock Performance

RVT traded up $0.25 on Tuesday, reaching $14.96. 243,512 shares of the stock were exchanged, compared to its average volume of 263,352. The company's 50-day moving average price is $14.50 and its 200 day moving average price is $15.02. Royce Small-Cap Trust, Inc. has a fifty-two week low of $12.12 and a fifty-two week high of $16.93.

Royce Small-Cap Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, June 12th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.16 dividend on an annualized basis and a yield of 7.75%.

Royce Small-Cap Trust Profile

Royce Value Trust Inc is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies.