Hennion & Walsh Asset Management Inc. Boosts Stake in Royce Small-Cap Trust, Inc. $RVT

Key Points

• Hennion & Walsh Asset Management increased its RVT stake by 45.1% in the second quarter, purchasing 55,191 additional shares and bringing its holdings to 177,676 shares valued at approximately $3.28 million.
• Several other institutional investors also expanded or initiated positions, with institutional investors and hedge funds collectively owning 25.57% of Royce Small-Cap Trust.
• RVT shares opened at $18.74, near their 52-week high of $18.88, while the trust raised its quarterly dividend to $0.31 per share, implying an annualized yield of about 6.6%.

Hennion & Walsh Asset Management Inc. lifted its position in Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 45.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 177,676 shares of the financial services provider's stock after purchasing an additional 55,191 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 0.15% of Royce Small-Cap Trust worth $3,282,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Bank of America Corp DE grew its position in shares of Royce Small-Cap Trust by 1.9% during the first quarter. Bank of America Corp DE now owns 5,836,337 shares of the financial services provider's stock worth $96,883,000 after acquiring an additional 108,629 shares during the last quarter. Altium Capital Management LLC purchased a new stake in Royce Small-Cap Trust in the 4th quarter valued at $3,099,000. Fifth Third Bancorp purchased a new stake in Royce Small-Cap Trust in the 1st quarter valued at $1,182,000. Cetera Investment Advisers boosted its stake in Royce Small-Cap Trust by 126.5% during the 1st quarter. Cetera Investment Advisers now owns 294,684 shares of the financial services provider's stock worth $4,892,000 after purchasing an additional 164,578 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its stake in Royce Small-Cap Trust by 15.8% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 652,300 shares of the financial services provider's stock worth $10,502,000 after purchasing an additional 88,928 shares during the period. 25.57% of the stock is owned by institutional investors and hedge funds.

Royce Small-Cap Trust Price Performance

Shares of Royce Small-Cap Trust stock opened at $18.74 on Tuesday. Royce Small-Cap Trust, Inc. has a 1 year low of $14.97 and a 1 year high of $18.88. The company's fifty day moving average is $18.14 and its two-hundred day moving average is $17.90.

Royce Small-Cap Trust Increases Dividend

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

About Royce Small-Cap Trust

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.

Want to see what other hedge funds are holding RVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report).

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