Shaker Financial Services LLC Has $4.05 Million Stake in Royce Small-Cap Trust, Inc. (NYSE:RVT)

Key Points

• Shaker Financial Services LLC increased its stake in Royce Small-Cap Trust by 281.7%, acquiring an additional 209,897 shares during the first quarter, bringing its total holdings to 284,397 shares.
• Royce Small-Cap Trust recently declared a quarterly dividend of $0.29, with an annualized dividend yield of 7.6%.
• Insider Charles M. Royce sold 21,735 shares of the company, reflecting a 20% decrease in his holdings.

Shaker Financial Services LLC lifted its holdings in Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 281.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 284,397 shares of the financial services provider's stock after purchasing an additional 209,897 shares during the quarter. Royce Small-Cap Trust accounts for approximately 1.6% of Shaker Financial Services LLC's holdings, making the stock its 13th largest position. Shaker Financial Services LLC owned approximately 0.25% of Royce Small-Cap Trust worth $4,050,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of RVT. Wells Fargo & Company MN boosted its position in shares of Royce Small-Cap Trust by 23.3% in the 4th quarter. Wells Fargo & Company MN now owns 1,673,671 shares of the financial services provider's stock valued at $26,444,000 after purchasing an additional 315,880 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Royce Small-Cap Trust by 9.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 35,491 shares of the financial services provider's stock valued at $561,000 after purchasing an additional 3,171 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Royce Small-Cap Trust in the 4th quarter valued at $48,539,000. Jaffetilchin Investment Partners LLC boosted its position in shares of Royce Small-Cap Trust by 11.1% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 10,209 shares of the financial services provider's stock valued at $161,000 after purchasing an additional 1,019 shares during the period. Finally, Concorde Asset Management LLC lifted its stake in Royce Small-Cap Trust by 16.9% in the 4th quarter. Concorde Asset Management LLC now owns 39,152 shares of the financial services provider's stock worth $619,000 after acquiring an additional 5,660 shares in the last quarter. Institutional investors own 25.57% of the company's stock.

Insider Transactions at Royce Small-Cap Trust

In other Royce Small-Cap Trust news, insider Charles M. Royce sold 21,735 shares of the firm'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 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. This trade represents a 20.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.06% of the stock is owned by company insiders.

Royce Small-Cap Trust Trading Up 0.2%

NYSE:RVT traded up $0.03 during mid-day trading on Friday, reaching $15.18. The stock had a trading volume of 162,276 shares, compared to its average volume of 361,901. The business's 50 day moving average is $15.14 and its 200 day moving average is $14.88. Royce Small-Cap Trust, Inc. has a fifty-two week low of $12.12 and a fifty-two week high of $16.93.

Royce Small-Cap Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, June 12th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $1.16 dividend on an annualized basis and a yield of 7.6%.

About Royce Small-Cap Trust

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.