Royal Bank of Canada Buys 47,759 Shares of Royce Small-Cap Trust, Inc. $RVT

Royal Bank of Canada boosted its stake in Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 3.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,601,377 shares of the financial services provider's stock after purchasing an additional 47,759 shares during the quarter. Royal Bank of Canada owned about 1.39% of Royce Small-Cap Trust worth $22,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Baird Financial Group Inc. raised its stake in Royce Small-Cap Trust by 37.3% in the first quarter. Baird Financial Group Inc. now owns 21,282 shares of the financial services provider's stock valued at $303,000 after purchasing an additional 5,784 shares in the last quarter. RB Capital Management LLC raised its stake in Royce Small-Cap Trust by 1.0% in the first quarter. RB Capital Management LLC now owns 170,149 shares of the financial services provider's stock valued at $2,423,000 after purchasing an additional 1,744 shares in the last quarter. Samalin Investment Counsel LLC raised its stake in Royce Small-Cap Trust by 7.0% in the first quarter. Samalin Investment Counsel LLC now owns 73,799 shares of the financial services provider's stock valued at $1,051,000 after purchasing an additional 4,828 shares in the last quarter. PKS Advisory Services LLC raised its stake in Royce Small-Cap Trust by 6.1% in the first quarter. PKS Advisory Services LLC now owns 20,532 shares of the financial services provider's stock valued at $290,000 after purchasing an additional 1,188 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Royce Small-Cap Trust by 23.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 52,581 shares of the financial services provider's stock valued at $749,000 after purchasing an additional 9,978 shares in the last quarter. 25.57% of the stock is owned by hedge funds and other institutional investors.

Royce Small-Cap Trust Stock Down 2.3%

NYSE RVT traded down $0.37 on Friday, reaching $16.13. 266,661 shares of the company's stock traded hands, compared to its average volume of 257,157. Royce Small-Cap Trust, Inc. has a 12 month low of $12.12 and a 12 month high of $16.93. The stock has a 50-day simple moving average of $15.63 and a 200 day simple moving average of $14.84.

Royce Small-Cap Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 12th will be given 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.

Insider Buying and Selling

In other news, insider Charles M. Royce sold 21,735 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $14.96, for a total value of $325,155.60. Following the transaction, the insider owned 86,938 shares in the company, valued at approximately $1,300,592.48. This trade represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is owned by insiders.

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.