Private Advisor Group LLC Buys 18,927 Shares of Royce Small-Cap Trust, Inc. (NYSE:RVT)

Private Advisor Group LLC increased its stake in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 13.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,122 shares of the financial services provider's stock after purchasing an additional 18,927 shares during the period. Private Advisor Group LLC owned approximately 0.14% of Royce Small-Cap Trust worth $2,223,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Royce Small-Cap Trust by 122.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 30,849 shares of the financial services provider's stock valued at $439,000 after purchasing an additional 16,966 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Royce Small-Cap Trust by 14.1% during the first quarter. Janney Montgomery Scott LLC now owns 502,022 shares of the financial services provider's stock worth $7,149,000 after acquiring an additional 62,192 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in 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 worth $144,000 after acquiring an additional 9,922 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in Royce Small-Cap Trust during the fourth quarter worth about $185,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Royce Small-Cap Trust by 2.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 124,521 shares of the financial services provider's stock worth $1,773,000 after acquiring an additional 3,174 shares in the last quarter. 25.57% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Royce Small-Cap Trust

In other news, insider Charles M. Royce sold 21,735 shares of the 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 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 link. 0.06% of the stock is owned by corporate insiders.

Royce Small-Cap Trust Stock Performance

RVT traded up $0.10 on Friday, hitting $15.47. 271,086 shares of the company were exchanged, compared to its average volume of 279,455. Royce Small-Cap Trust, Inc. has a 12 month low of $12.12 and a 12 month high of $16.93. The stock's fifty day moving average is $15.05 and its 200-day moving average is $14.94.

Royce Small-Cap Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, June 12th were paid a $0.29 dividend. The ex-dividend date was Thursday, June 12th. This represents a $1.16 annualized dividend and a yield of 7.50%.

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.