Royce Small-Cap Trust, Inc. $RVT Shares Sold by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. sold 108,906 shares of Royce Small-Cap Trust, Inc. ($RVT), decreasing its holdings by 15.3% in the first quarter.
• Royce Small-Cap Trust recently announced a quarterly dividend of $0.29 per share, with a dividend yield of 7.2% for the upcoming payment on September 25th.
• Insider Charles M. Royce sold 21,735 shares at an average price of $14.96, which reduced his ownership by 20%, leaving him with 86,938 shares valued at approximately $1.3 million.

Advisors Asset Management Inc. decreased its holdings in Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 15.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 604,317 shares of the financial services provider's stock after selling 108,906 shares during the quarter. Advisors Asset Management Inc. owned 0.52% of Royce Small-Cap Trust worth $8,605,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. HBK Sorce Advisory LLC grew its position in Royce Small-Cap Trust by 5.1% during the 1st quarter. HBK Sorce Advisory LLC now owns 18,896 shares of the financial services provider's stock worth $269,000 after purchasing an additional 918 shares in the last quarter. SouthState Corp lifted its position in Royce Small-Cap Trust by 5.3% during the 1st quarter. SouthState Corp now owns 19,972 shares of the financial services provider's stock worth $284,000 after acquiring an additional 1,000 shares during the last quarter. EP Wealth Advisors LLC lifted its position in Royce Small-Cap Trust by 9.0% during the 4th quarter. EP Wealth Advisors LLC now owns 13,025 shares of the financial services provider's stock worth $206,000 after acquiring an additional 1,070 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its position in Royce Small-Cap Trust by 2.2% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 50,580 shares of the financial services provider's stock worth $720,000 after acquiring an additional 1,083 shares during the last quarter. Finally, PKS Advisory Services LLC lifted its position in Royce Small-Cap Trust by 6.1% during the 1st quarter. PKS Advisory Services LLC now owns 20,532 shares of the financial services provider's stock worth $290,000 after acquiring an additional 1,188 shares during the last quarter. Institutional investors and hedge funds own 25.57% of the company's stock.

Insiders Place Their Bets

In related news, insider Charles M. Royce sold 21,735 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $14.96, for a total value of $325,155.60. Following the sale, the insider owned 86,938 shares of the company's stock, valued at $1,300,592.48. The trade was a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.08% of the stock is currently owned by insiders.

Royce Small-Cap Trust Stock Performance

NYSE:RVT opened at $16.03 on Thursday. The firm's 50-day moving average is $15.48 and its 200-day moving average is $14.82. Royce Small-Cap Trust, Inc. has a 52-week low of $12.12 and a 52-week high of $16.93.

Royce Small-Cap Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 7.2%.

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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