Janney Montgomery Scott LLC Acquires 62,192 Shares of Royce Small-Cap Trust, Inc. (NYSE:RVT)

Janney Montgomery Scott LLC increased its holdings in Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 14.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 502,022 shares of the financial services provider's stock after acquiring an additional 62,192 shares during the period. Janney Montgomery Scott LLC owned about 0.44% of Royce Small-Cap Trust worth $7,149,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Alexander Randolph Advisory Inc. grew its holdings in shares of Royce Small-Cap Trust by 2.9% in the fourth quarter. Alexander Randolph Advisory Inc. now owns 30,963 shares of the financial services provider's stock valued at $489,000 after acquiring an additional 871 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Royce Small-Cap Trust by 0.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 140,012 shares of the financial services provider's stock valued at $2,212,000 after acquiring an additional 933 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its holdings in shares of Royce Small-Cap Trust by 11.1% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 10,209 shares of the financial services provider's stock valued at $161,000 after acquiring an additional 1,019 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Royce Small-Cap Trust by 9.0% in the fourth quarter. EP Wealth Advisors LLC now owns 13,025 shares of the financial services provider's stock valued at $206,000 after acquiring an additional 1,070 shares in the last quarter. Finally, Heritage Wealth Management Inc. grew its holdings in shares of Royce Small-Cap Trust by 2.9% in the fourth quarter. Heritage Wealth Management Inc. now owns 46,668 shares of the financial services provider's stock valued at $737,000 after acquiring an additional 1,296 shares in the last quarter. 25.57% of the stock is owned by institutional investors.

Royce Small-Cap Trust Stock Down 0.8%

RVT stock opened at $14.50 on Friday. The business has a 50 day moving average of $14.44 and a 200-day moving average of $15.05. Royce Small-Cap Trust, Inc. has a 12-month low of $12.12 and a 12-month high of $16.93.

Royce Small-Cap Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 12th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 8.00%. The ex-dividend date is Thursday, June 12th.

Royce Small-Cap Trust Company 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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