Royce Small-Cap Trust, Inc. $RVT Stock: Blue Bell Private Wealth Management LLC Raises Stake

Key Points

• Blue Bell Private Wealth Management increased its Royce Small-Cap Trust stake by 10.3% in the third quarter, bringing its holdings to 743,968 shares valued at approximately $12.7 million.
• Several other institutional investors also raised their positions, and hedge funds and institutions collectively own 25.57% of RVT.
• Royce Small-Cap Trust increased its quarterly dividend to $0.33 per share, implying an annualized dividend of $1.32 and a yield of about 7.8%; shares recently traded at $16.85.

Blue Bell Private Wealth Management LLC increased its stake in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 10.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 743,968 shares of the financial services provider's stock after purchasing an additional 69,239 shares during the period. Royce Small-Cap Trust makes up 1.5% of Blue Bell Private Wealth Management LLC's investment portfolio, making the stock its 12th largest holding. Blue Bell Private Wealth Management LLC owned 0.60% of Royce Small-Cap Trust worth $12,744,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its holdings in Royce Small-Cap Trust by 1.0% during the third quarter. Oppenheimer & Co. Inc. now owns 224,949 shares of the financial services provider's stock valued at $3,853,000 after purchasing an additional 2,293 shares during the period. Samalin Investment Counsel LLC raised its stake in Royce Small-Cap Trust by 34.6% during the 3rd quarter. Samalin Investment Counsel LLC now owns 198,321 shares of the financial services provider's stock worth $3,397,000 after acquiring an additional 50,974 shares during the period. Wedbush Securities Inc. raised its stake in Royce Small-Cap Trust by 28.3% during the 3rd quarter. Wedbush Securities Inc. now owns 37,275 shares of the financial services provider's stock worth $639,000 after acquiring an additional 8,228 shares during the period. Whitener Capital Management Inc. lifted its holdings in Royce Small-Cap Trust by 4.7% during the third quarter. Whitener Capital Management Inc. now owns 63,793 shares of the financial services provider's stock valued at $1,093,000 after purchasing an additional 2,864 shares in the last quarter. Finally, Paller Financial Services Inc lifted its holdings in Royce Small-Cap Trust by 5.9% during the third quarter. Paller Financial Services Inc now owns 321,463 shares of the financial services provider's stock valued at $5,507,000 after purchasing an additional 18,051 shares in the last quarter. 25.57% of the stock is owned by hedge funds and other institutional investors.

Royce Small-Cap Trust Stock Up 0.4%

Shares of Royce Small-Cap Trust stock opened at $16.85 on Tuesday. Royce Small-Cap Trust, Inc. has a fifty-two week low of $14.97 and a fifty-two week high of $19.12. The company has a fifty day moving average of $17.39 and a 200 day moving average of $17.80.

Royce Small-Cap Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Friday, September 11th were given a dividend of $0.33 per share. This is an increase from Royce Small-Cap Trust's previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 7.8%. The ex-dividend date was Friday, September 11th.

Royce Small-Cap Trust Profile

Royce Small-Cap Trust NYSE: RVT is a diversified, closed-end investment company focused primarily on investing in small-capitalization companies. The fund seeks long-term capital growth by holding a portfolio of businesses that Royce & Associates, its investment adviser, believes offer attractive value and growth potential.

The trust invests across a range of industries, generally emphasizing established small companies with characteristics such as strong management, sound balance sheets, and the potential to improve their earnings or business performance.

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