Abel Hall LLC Raises Holdings in Royce Small-Cap Trust, Inc. $RVT

Key Points

• Abel Hall LLC increased its holdings in Royce Small-Cap Trust by 159.1% in Q2, now owning 57,000 shares valued at approximately $858,000.
• Royce Small-Cap Trust recently declared a quarterly dividend of $0.29 per share, representing a 7.1% yield on an annualized basis.
• The stock price of Royce Small-Cap Trust opened at $16.23, with a 1-year trading range of $12.12 to $16.93.

Abel Hall LLC boosted its position in Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 159.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,000 shares of the financial services provider's stock after purchasing an additional 35,000 shares during the quarter. Abel Hall LLC's holdings in Royce Small-Cap Trust were worth $858,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barrett & Company Inc. boosted its stake in Royce Small-Cap Trust by 5.5% during the 2nd quarter. Barrett & Company Inc. now owns 14,470 shares of the financial services provider's stock worth $218,000 after purchasing an additional 758 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in shares of Royce Small-Cap Trust by 5.1% in the first quarter. HBK Sorce Advisory LLC now owns 18,896 shares of the financial services provider's stock worth $269,000 after buying an additional 918 shares in the last quarter. SouthState Corp boosted its position in Royce Small-Cap Trust by 5.3% during the first quarter. SouthState Corp now owns 19,972 shares of the financial services provider's stock worth $284,000 after acquiring an additional 1,000 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in Royce Small-Cap Trust by 2.2% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 50,580 shares of the financial services provider's stock valued at $720,000 after acquiring an additional 1,083 shares in the last quarter. Finally, PKS Advisory Services LLC grew its stake in Royce Small-Cap Trust by 6.1% during the 1st quarter. PKS Advisory Services LLC now owns 20,532 shares of the financial services provider's stock valued at $290,000 after acquiring an additional 1,188 shares in the last quarter. Hedge funds and other institutional investors own 25.57% of the company's stock.

Royce Small-Cap Trust Price Performance

RVT opened at $16.23 on Wednesday. The company's 50 day simple moving average is $15.91 and its two-hundred day simple moving average is $15.03. Royce Small-Cap Trust, Inc. has a 1-year low of $12.12 and a 1-year high of $16.93.

Royce Small-Cap Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 12th were given a dividend of $0.29 per share. The ex-dividend date was Friday, September 12th. This represents a $1.16 dividend on an annualized basis and a yield of 7.1%.

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.

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