Raymond James Financial Inc. decreased its holdings in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,975,602 shares of the financial services provider's stock after selling 96,484 shares during the quarter. Raymond James Financial Inc. owned about 2.58% of Royce Small-Cap Trust worth $42,373,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. LPL Financial LLC grew its holdings in Royce Small-Cap Trust by 52.3% during the 1st quarter. LPL Financial LLC now owns 1,919,691 shares of the financial services provider's stock worth $27,336,000 after acquiring an additional 659,578 shares during the period. Penserra Capital Management LLC bought a new stake in Royce Small-Cap Trust in the first quarter valued at approximately $4,486,000. Shaker Financial Services LLC raised its holdings in Royce Small-Cap Trust by 281.7% in the first quarter. Shaker Financial Services LLC now owns 284,397 shares of the financial services provider's stock worth $4,050,000 after purchasing an additional 209,897 shares during the period. Royal Bank of Canada raised its holdings in Royce Small-Cap Trust by 8.3% in the fourth quarter. Royal Bank of Canada now owns 1,553,618 shares of the financial services provider's stock worth $24,548,000 after purchasing an additional 118,894 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Royce Small-Cap Trust by 1.5% during the fourth quarter. Bank of America Corp DE now owns 5,848,923 shares of the financial services provider's stock worth $92,413,000 after purchasing an additional 87,541 shares in the last quarter. 25.57% of the stock is owned by institutional investors.
Insider Transactions at Royce Small-Cap Trust
In other Royce Small-Cap Trust news, insider Charles M. Royce sold 21,735 shares of the company'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 transaction, the insider owned 86,938 shares of the company's stock, valued at $1,300,592.48. This represents a 20.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.08% of the company's stock.
Royce Small-Cap Trust Price Performance
Shares of RVT traded down $0.01 during trading hours on Thursday, reaching $16.10. The stock had a trading volume of 48,537 shares, compared to its average volume of 279,995. Royce Small-Cap Trust, Inc. has a 52 week low of $12.12 and a 52 week high of $16.93. The firm has a 50-day moving average of $15.35 and a 200 day moving average of $14.83.
Royce Small-Cap Trust Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 12th were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, June 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.2%.
Royce Small-Cap Trust Company Profile
(
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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