Wealth Enhancement Advisory Services LLC Raises Stock Holdings in Royce Small-Cap Trust, Inc. (NYSE:RVT)

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 122.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,849 shares of the financial services provider's stock after acquiring an additional 16,966 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Royce Small-Cap Trust were worth $439,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Atria Investments Inc grew its stake in shares of Royce Small-Cap Trust by 8.1% during the fourth quarter. Atria Investments Inc now owns 103,361 shares of the financial services provider's stock valued at $1,633,000 after buying an additional 7,761 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Royce Small-Cap Trust during the 4th quarter valued at about $48,539,000. PNC Financial Services Group Inc. increased its position in Royce Small-Cap Trust by 27.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,688 shares of the financial services provider's stock valued at $200,000 after buying an additional 2,719 shares in the last quarter. Independent Advisor Alliance acquired a new position in Royce Small-Cap Trust during the 4th quarter valued at about $218,000. Finally, Vista Investment Partners II LLC acquired a new position in Royce Small-Cap Trust during the 4th quarter valued at about $367,000. 25.57% of the stock is owned by institutional investors.

Royce Small-Cap Trust Stock Up 0.8%

Shares of RVT stock traded up $0.13 during mid-day trading on Thursday, reaching $15.56. The stock had a trading volume of 263,468 shares, compared to its average volume of 265,519. The business's fifty day moving average is $14.89 and its 200-day moving average is $14.97. Royce Small-Cap Trust, Inc. has a 1-year low of $12.12 and a 1-year high of $16.93.

Royce Small-Cap Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Thursday, June 12th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.46%. The ex-dividend date was Thursday, June 12th.

Insider Buying and Selling

In related news, insider Charles M. Royce sold 21,735 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $14.96, for a total transaction of $325,155.60. Following the sale, the insider directly owned 86,938 shares of the company's stock, valued at $1,300,592.48. This trade represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is currently owned by company insiders.

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.