Janney Montgomery Scott LLC Raises Holdings in Royce Small-Cap Trust, Inc. (NYSE:RVT)

Janney Montgomery Scott LLC boosted its stake in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 14.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 502,022 shares of the financial services provider's stock after acquiring an additional 62,192 shares during the quarter. Janney Montgomery Scott LLC owned about 0.44% of Royce Small-Cap Trust worth $7,149,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of RVT. Sanctuary Advisors LLC increased its stake in shares of Royce Small-Cap Trust by 1.9% during the fourth quarter. Sanctuary Advisors LLC now owns 215,889 shares of the financial services provider's stock worth $3,547,000 after acquiring an additional 3,964 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in Royce Small-Cap Trust by 18.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 12,230 shares of the financial services provider's stock valued at $193,000 after purchasing an additional 1,903 shares in the last quarter. Private Advisor Group LLC increased its position in Royce Small-Cap Trust by 2.5% during the 4th quarter. Private Advisor Group LLC now owns 137,195 shares of the financial services provider's stock worth $2,168,000 after purchasing an additional 3,409 shares during the period. Alexander Randolph Advisory Inc. raised its stake in shares of Royce Small-Cap Trust by 2.9% during the 4th quarter. Alexander Randolph Advisory Inc. now owns 30,963 shares of the financial services provider's stock worth $489,000 after buying an additional 871 shares in the last quarter. Finally, Dover Advisors LLC acquired a new stake in shares of Royce Small-Cap Trust in the 4th quarter valued at approximately $228,000. 25.57% of the stock is currently owned by hedge funds and other institutional investors.

Royce Small-Cap Trust Price Performance

Shares of RVT stock traded down $0.15 during midday trading on Wednesday, reaching $14.83. 201,853 shares of the company traded hands, compared to its average volume of 263,429. The firm's 50 day simple moving average is $14.54 and its two-hundred day simple moving average is $15.02. Royce Small-Cap Trust, Inc. has a 1-year low of $12.12 and a 1-year high of $16.93.

Royce Small-Cap Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 12th will be given a $0.29 dividend. The ex-dividend date is Thursday, June 12th. This represents a $1.16 annualized dividend and a dividend yield of 7.82%.

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.