Allspring Global Investments Holdings LLC cut its stake in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 37.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 158,174 shares of the financial services provider's stock after selling 93,083 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.14% of Royce Small-Cap Trust worth $2,252,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vermillion Wealth Management Inc. acquired a new stake in Royce Small-Cap Trust during the fourth quarter worth about $29,000. Farther Finance Advisors LLC raised its position in shares of Royce Small-Cap Trust by 6,938.5% during the 1st quarter. Farther Finance Advisors LLC now owns 10,065 shares of the financial services provider's stock worth $144,000 after purchasing an additional 9,922 shares during the period. Jaffetilchin Investment Partners LLC raised its position in shares of Royce Small-Cap Trust by 11.1% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 10,209 shares of the financial services provider's stock worth $161,000 after purchasing an additional 1,019 shares during the period. Inscription Capital LLC acquired a new stake in shares of Royce Small-Cap Trust during the 1st quarter worth approximately $156,000. Finally, Keyes Stange & Wooten Wealth Management LLC acquired a new stake in shares of Royce Small-Cap Trust during the 4th quarter worth approximately $170,000. Hedge funds and other institutional investors own 25.57% of the company's stock.
Insiders Place Their Bets
In other news, insider Charles M. Royce sold 21,735 shares of Royce Small-Cap Trust stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $14.96, for a total transaction of $325,155.60. Following the transaction, the insider directly owned 86,938 shares in the company, valued at approximately $1,300,592.48. This trade represents a 20.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is owned by company insiders.
Royce Small-Cap Trust Stock Performance
RVT stock traded down $0.17 on Friday, reaching $15.39. The company's stock had a trading volume of 308,554 shares, compared to its average volume of 265,691. The firm has a fifty day moving average of $14.89 and a two-hundred day moving average of $14.97. 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 Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 12th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.54%.
Royce Small-Cap Trust Profile
(
Free Report)
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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