Janney Montgomery Scott LLC Purchases 190,986 Shares of Royce Small-Cap Trust, Inc. $RVT

Key Points

• Janney Montgomery Scott LLC increased its stake in Royce Small-Cap Trust, Inc. by 38.0%, acquiring an additional 190,986 shares in the second quarter, bringing their total ownership to approximately 0.60% of the company.
• The Royce Small-Cap Trust declared a quarterly dividend of $0.29 per share, resulting in an annualized dividend of $1.16 and a dividend yield of 7.1%.
• As of now, Royce Small-Cap Trust's shares are trading at $16.33, with a one-year range between $12.12 and $16.93.

Janney Montgomery Scott LLC boosted its position in Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 38.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 693,008 shares of the financial services provider's stock after purchasing an additional 190,986 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.60% of Royce Small-Cap Trust worth $10,430,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wolverine Asset Management LLC bought a new position in Royce Small-Cap Trust in the first quarter worth $112,000. Farther Finance Advisors LLC increased its holdings in shares of Royce Small-Cap Trust by 6,938.5% during the first quarter. Farther Finance Advisors LLC now owns 10,065 shares of the financial services provider's stock valued at $144,000 after acquiring an additional 9,922 shares in the last quarter. NorthStar Asset Management LLC NJ bought a new position in shares of Royce Small-Cap Trust during the first quarter valued at $144,000. Inscription Capital LLC bought a new position in shares of Royce Small-Cap Trust during the first quarter valued at $156,000. Finally, Virtu Financial LLC bought a new position in shares of Royce Small-Cap Trust during the first quarter valued at $156,000. Institutional investors own 25.57% of the company's stock.

Royce Small-Cap Trust Stock Performance

Shares of NYSE:RVT opened at $16.33 on Friday. Royce Small-Cap Trust, Inc. has a 1-year low of $12.12 and a 1-year high of $16.93. The business has a fifty day moving average price of $15.87 and a 200-day moving average price of $15.00.

Royce Small-Cap Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 12th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, September 12th. This represents a $1.16 annualized dividend and a dividend yield of 7.1%.

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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