Royce Small-Cap Trust (NYSE:RVT) President Buys $20,472.00 in Stock

Key Points

• Royce Small-Cap Trust President Christopher Clark bought 1,200 shares at $17.06 each, investing $20,472 and increasing his direct ownership to 53,840 shares.
• RVT shares traded near $17.05, below their 50-day and 200-day moving averages, with a 12-month range of $14.97 to $19.12.
• The trust increased its quarterly dividend to $0.33 per share, equivalent to $1.32 annually and a 7.7% yield; institutional investors own 25.57% of the stock.

Royce Small-Cap Trust, Inc. (NYSE:RVT - Get Free Report) President Christopher Clark bought 1,200 shares of the company's stock in a transaction on Wednesday, September 30th. The stock was bought at an average price of $17.06 per share, for a total transaction of $20,472.00. Following the completion of the purchase, the president directly owned 53,840 shares in the company, valued at approximately $918,510.40. This represents a 2.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Royce Small-Cap Trust Stock Performance

Shares of NYSE:RVT traded down $0.07 during trading on Wednesday, reaching $17.05. 243,112 shares of the company were exchanged, compared to its average volume of 290,819. The business's fifty day simple moving average is $18.20 and its 200-day simple moving average is $17.97. Royce Small-Cap Trust, Inc. has a 12-month low of $14.97 and a 12-month high of $19.12.

Royce Small-Cap Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Friday, September 11th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend was Friday, September 11th. This is a positive change from Royce Small-Cap Trust's previous quarterly dividend of $0.31.

Institutional Trading of Royce Small-Cap Trust

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE purchased a new position in Royce Small-Cap Trust during the 2nd quarter valued at about $111,827,000. RB Capital Management LLC bought a new position in shares of Royce Small-Cap Trust during the second quarter valued at approximately $3,162,000. Cetera Investment Advisers increased its holdings in Royce Small-Cap Trust by 126.5% during the first quarter. Cetera Investment Advisers now owns 294,684 shares of the financial services provider's stock valued at $4,892,000 after buying an additional 164,578 shares during the period. Evolve Private Wealth LLC purchased a new position in Royce Small-Cap Trust during the second quarter valued at approximately $1,995,000. Finally, Sanctuary Advisors LLC purchased a new position in Royce Small-Cap Trust during the second quarter valued at approximately $1,887,000. 25.57% of the stock is owned by hedge funds and other institutional investors.

About Royce Small-Cap Trust

Royce Small-Cap Trust NYSE: RVT is a diversified, closed-end investment fund focused on long-term capital growth through investments in small-cap companies. The fund primarily invests in equity securities of U.S. small-cap businesses across a range of industries and sectors.

RVT is managed by Royce Investment Partners, an investment management firm specializing in small-cap and mid-cap equities. The portfolio generally emphasizes companies that the manager believes have attractive business characteristics, growth potential, financial strength, or favorable valuations.

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