Allspring Global Investments Holdings LLC Raises Position in Royce Small-Cap Trust, Inc. $RVT

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Royce Small-Cap Trust by 16.8%, owning a total of 184,744 shares valued at approximately $2.78 million.
• Royce Small-Cap Trust announced a quarterly dividend of $0.29 per share, resulting in an annualized dividend of $1.16 and a yield of 7.2%.
• Other institutional investors have also heavily invested in Royce Small-Cap Trust, with notable increases in shares owned by Wealth Enhancement Advisory Services and Janney Montgomery Scott.

Allspring Global Investments Holdings LLC boosted its stake in Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 16.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 184,744 shares of the financial services provider's stock after buying an additional 26,570 shares during the period. Allspring Global Investments Holdings LLC owned 0.16% of Royce Small-Cap Trust worth $2,780,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Royce Small-Cap Trust by 122.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 30,849 shares of the financial services provider's stock worth $439,000 after buying an additional 16,966 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Royce Small-Cap Trust by 2.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 124,521 shares of the financial services provider's stock valued at $1,773,000 after purchasing an additional 3,174 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Royce Small-Cap Trust by 38.0% during the second quarter. Janney Montgomery Scott LLC now owns 693,008 shares of the financial services provider's stock valued at $10,430,000 after purchasing an additional 190,986 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Royce Small-Cap Trust by 3.1% during the first quarter. Royal Bank of Canada now owns 1,601,377 shares of the financial services provider's stock valued at $22,803,000 after purchasing an additional 47,759 shares during the last quarter. Finally, Truist Financial Corp purchased a new position in shares of Royce Small-Cap Trust during the second quarter valued at approximately $156,000. 25.57% of the stock is currently owned by hedge funds and other institutional investors.

Royce Small-Cap Trust Trading Down 0.1%

RVT stock opened at $16.06 on Wednesday. The firm has a 50 day moving average price of $16.07 and a 200-day moving average price of $15.15. Royce Small-Cap Trust, Inc. has a 52-week low of $12.12 and a 52-week high of $16.93.

Royce Small-Cap Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 12th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 7.2%. The ex-dividend date was Friday, September 12th.

Royce Small-Cap Trust Company 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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