Allspring Global Investments Holdings LLC Sells 93,083 Shares of Royce Small-Cap Trust, Inc. (NYSE:RVT)

Allspring Global Investments Holdings LLC reduced its stake in Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 37.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in Royce Small-Cap Trust by 14.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 502,022 shares of the financial services provider's stock valued at $7,149,000 after acquiring an additional 62,192 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Royce Small-Cap Trust by 6,938.5% in the 1st quarter. Farther Finance Advisors LLC now owns 10,065 shares of the financial services provider's stock worth $144,000 after buying an additional 9,922 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Royce Small-Cap Trust in the 4th quarter worth about $219,000. Kovitz Investment Group Partners LLC bought a new stake in shares of Royce Small-Cap Trust in the 4th quarter worth about $185,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Royce Small-Cap Trust by 2.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 124,521 shares of the financial services provider's stock worth $1,773,000 after buying an additional 3,174 shares during the last quarter. 25.57% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Royce Small-Cap Trust

In other news, insider Charles M. Royce sold 21,735 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $14.96, for a total value of $325,155.60. Following the sale, the insider directly owned 86,938 shares in the company, valued at $1,300,592.48. The trade was a 20.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.06% of the stock is currently owned by company insiders.

Royce Small-Cap Trust Stock Performance

Royce Small-Cap Trust stock opened at $15.31 on Tuesday. The company's 50-day moving average price is $14.81 and its 200-day moving average price is $14.96. Royce Small-Cap Trust, Inc. has a twelve month low of $12.12 and a twelve month high of $16.93.

Royce Small-Cap Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Thursday, June 12th were issued a $0.29 dividend. 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 7.58%.

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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