Comprehensive Money Management Services LLC Purchases Shares of 69,950 Royce Small-Cap Trust, Inc. $RVT

Key Points

• Comprehensive Money Management Services LLC initiated a 69,950-share position in Royce Small-Cap Trust, valued at approximately $1.29 million and representing about 0.8% of its portfolio.
• Several major institutions increased their RVT holdings, while institutional investors and hedge funds collectively owned 25.57% of the trust.
• RVT shares opened at $18.81, near their 52-week high, and the trust raised its quarterly dividend to $0.31, implying an annualized yield of approximately 6.6%.

Comprehensive Money Management Services LLC purchased a new stake in Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 69,950 shares of the financial services provider's stock, valued at approximately $1,292,000. Royce Small-Cap Trust accounts for about 0.8% of Comprehensive Money Management Services LLC's investment portfolio, making the stock its 26th biggest holding. Comprehensive Money Management Services LLC owned approximately 0.06% of Royce Small-Cap Trust as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Royce Small-Cap Trust by 0.9% during the 2nd quarter. Bank of America Corp DE now owns 6,293,535 shares of the financial services provider's stock worth $94,718,000 after buying an additional 54,485 shares during the period. Morgan Stanley raised its holdings in Royce Small-Cap Trust by 9.1% in the 4th quarter. Morgan Stanley now owns 6,252,497 shares of the financial services provider's stock worth $100,665,000 after acquiring an additional 519,959 shares during the period. Raymond James Financial Inc. lifted its position in Royce Small-Cap Trust by 6.7% during 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 acquiring an additional 198,905 shares during the last quarter. LPL Financial LLC lifted its position in Royce Small-Cap Trust by 9.4% during the 4th quarter. LPL Financial LLC now owns 2,257,033 shares of the financial services provider's stock worth $36,338,000 after acquiring an additional 194,412 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Royce Small-Cap Trust by 0.8% during the first quarter. Royal Bank of Canada now owns 1,624,774 shares of the financial services provider's stock valued at $26,971,000 after acquiring an additional 13,087 shares during the period. 25.57% of the stock is currently owned by institutional investors and hedge funds.

Royce Small-Cap Trust Stock Up 0.3%

Shares of NYSE:RVT opened at $18.81 on Friday. The stock's 50-day moving average is $18.37 and its 200-day moving average is $18.02. Royce Small-Cap Trust, Inc. has a 52-week low of $14.97 and a 52-week high of $19.12.

Royce Small-Cap Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were given a $0.31 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.24 annualized dividend and a yield of 6.6%. This is an increase from Royce Small-Cap Trust's previous quarterly dividend of $0.30.

Royce Small-Cap Trust Profile

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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