Landscape Capital Management L.L.C. Buys New Holdings in Royce Small-Cap Trust, Inc. $RVT

Key Points

• Landscape Capital Management initiated a position in Royce Small-Cap Trust, buying 88,150 shares valued at approximately $1.63 million, or about 0.07% of the trust.
• Institutional ownership stands at 25.57%, with major investors including Morgan Stanley, Raymond James Financial, and LPL Financial increasing their holdings.
• RVT was trading at $18.70, near its 52-week high, while the trust raised its quarterly dividend to $0.31 per share, implying an annualized yield of roughly 6.6%.

Landscape Capital Management L.L.C. purchased a new position in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 88,150 shares of the financial services provider's stock, valued at approximately $1,628,000. Landscape Capital Management L.L.C. owned about 0.07% of Royce Small-Cap Trust at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RVT. Morgan Stanley lifted its position in Royce Small-Cap Trust by 9.1% in the fourth quarter. Morgan Stanley now owns 6,252,497 shares of the financial services provider's stock valued at $100,665,000 after purchasing an additional 519,959 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of Royce Small-Cap Trust by 6.7% in the second quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider's stock worth $47,776,000 after purchasing an additional 198,905 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Royce Small-Cap Trust by 9.4% in the fourth quarter. LPL Financial LLC now owns 2,257,033 shares of the financial services provider's stock worth $36,338,000 after purchasing an additional 194,412 shares during the last quarter. Altium Capital Management LLC purchased a new position in shares of Royce Small-Cap Trust in the fourth quarter worth $3,099,000. Finally, Cetera Investment Advisers raised its holdings 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 valued at $4,892,000 after buying an additional 164,578 shares during the last quarter. 25.57% of the stock is currently owned by institutional investors.

Royce Small-Cap Trust Trading Up 0.8%

Royce Small-Cap Trust stock opened at $18.70 on Friday. Royce Small-Cap Trust, Inc. has a 1-year low of $14.97 and a 1-year high of $19.12. The firm has a 50-day moving average of $18.31 and a 200-day moving average of $17.98.

Royce Small-Cap Trust Increases Dividend

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

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.

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