Shaker Financial Services LLC grew its position in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 281.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 284,397 shares of the financial services provider's stock after buying an additional 209,897 shares during the quarter. Royce Small-Cap Trust accounts for 1.6% of Shaker Financial Services LLC's investment portfolio, making the stock its 13th largest holding. Shaker Financial Services LLC owned 0.25% of Royce Small-Cap Trust worth $4,050,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of Royce Small-Cap Trust during the fourth quarter worth $48,539,000. LPL Financial LLC lifted its position in Royce Small-Cap Trust by 52.3% in the 1st quarter. LPL Financial LLC now owns 1,919,691 shares of the financial services provider's stock valued at $27,336,000 after purchasing an additional 659,578 shares during the last quarter. Wells Fargo & Company MN grew its holdings in 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 worth $26,444,000 after buying an additional 315,880 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of Royce Small-Cap Trust during the first quarter valued at about $4,486,000. Finally, Royal Bank of Canada boosted its holdings in shares of 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 valued at $24,548,000 after acquiring an additional 118,894 shares in the last quarter. 25.57% of the stock is currently owned by hedge funds and other institutional investors.
Royce Small-Cap Trust Stock Performance
Shares of NYSE:RVT traded down $0.11 during trading hours on Thursday, hitting $15.15. 202,020 shares of the company's stock traded hands, compared to its average volume of 364,974. The company's fifty day simple moving average is $15.13 and its two-hundred day simple moving average is $14.89. 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 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 given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend was Thursday, June 12th.
Insider Buying and Selling
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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is owned by corporate insiders.
Royce Small-Cap Trust Profile
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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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