Royal Bank of Canada raised its position in Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 3.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,601,377 shares of the financial services provider's stock after purchasing an additional 47,759 shares during the period. Royal Bank of Canada owned about 1.39% of Royce Small-Cap Trust worth $22,803,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of RVT. Bank of America Corp DE grew its holdings in Royce Small-Cap Trust by 1.5% in the fourth quarter. Bank of America Corp DE now owns 5,848,923 shares of the financial services provider's stock valued at $92,413,000 after purchasing an additional 87,541 shares during the last quarter. EP Wealth Advisors LLC lifted its position 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. Lazard Asset Management LLC lifted its position in shares of Royce Small-Cap Trust by 13.2% in the fourth quarter. Lazard Asset Management LLC now owns 556,039 shares of the financial services provider's stock valued at $8,785,000 after acquiring an additional 65,046 shares in the last quarter. Waverly Advisors LLC purchased a new position in shares of Royce Small-Cap Trust in the 4th quarter worth about $802,000. Finally, RB Capital Management LLC grew its stake in shares of Royce Small-Cap Trust by 6.6% in the fourth quarter. RB Capital Management LLC now owns 168,405 shares of the financial services provider's stock valued at $2,661,000 after buying an additional 10,467 shares in the last quarter. Institutional investors and hedge funds own 25.57% of the company's stock.
Insiders Place Their Bets
In other Royce Small-Cap Trust news, insider Charles M. Royce sold 21,735 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $14.96, for a total transaction of $325,155.60. Following the completion of the sale, the insider owned 86,938 shares in the company, valued at $1,300,592.48. This trade represents a 20.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.
Royce Small-Cap Trust Price Performance
Shares of RVT stock traded down $0.06 during trading hours on Friday, reaching $16.15. The company had a trading volume of 192,003 shares, compared to its average volume of 280,148. Royce Small-Cap Trust, Inc. has a twelve month low of $12.12 and a twelve month high of $16.93. The stock's fifty day simple moving average is $15.62 and its 200 day simple moving average is $14.84.
Royce Small-Cap Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Friday, September 12th.
About Royce Small-Cap Trust
(
Free Report)
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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