Concorde Asset Management LLC purchased a new stake in Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 54,600 shares of the financial services provider's stock, valued at approximately $1,008,000. Royce Small-Cap Trust comprises about 0.6% of Concorde Asset Management LLC's holdings, making the stock its 22nd biggest holding.
Other large investors have also bought and sold shares of the company. Bank of America Corp DE purchased a new stake in shares of Royce Small-Cap Trust in the second quarter valued at about $111,827,000. Morgan Stanley boosted its holdings 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 worth $100,665,000 after purchasing an additional 519,959 shares during the last quarter. Raymond James Financial Inc. grew its position in Royce Small-Cap Trust by 6.7% in the 2nd quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider's stock worth $47,776,000 after purchasing an additional 198,905 shares in the last quarter. LPL Financial LLC grew its position in Royce Small-Cap Trust by 9.4% in the 4th 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 in the last quarter. Finally, Altium Capital Management LLC bought a new stake in Royce Small-Cap Trust in the 4th quarter worth about $3,099,000. 25.57% of the stock is currently owned by institutional investors.
Royce Small-Cap Trust Trading Up 0.3%
NYSE:RVT opened at $18.81 on Friday. Royce Small-Cap Trust, Inc. has a 52 week low of $14.97 and a 52 week high of $19.12. The firm has a 50-day moving average price of $18.37 and a two-hundred day moving average price of $18.02.
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 represents a $1.24 annualized dividend and a dividend yield of 6.6%. This is a boost from Royce Small-Cap Trust's previous quarterly dividend of $0.30.
About Royce Small-Cap Trust
(
Free Report)
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.
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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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