Royce Small-Cap Trust, Inc. (NYSE:RVT) Stock Holdings Lessened by City of London Investment Management Co. Ltd.

City of London Investment Management Co. Ltd. lowered its stake in Royce Small-Cap Trust, Inc. (NYSE:RVT) by 19.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,021 shares of the financial services provider’s stock after selling 10,700 shares during the period. City of London Investment Management Co. Ltd.’s holdings in Royce Small-Cap Trust were worth $641,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of RVT. Shaker Financial Services LLC grew its position in Royce Small-Cap Trust by 281.7% during the 1st quarter. Shaker Financial Services LLC now owns 284,397 shares of the financial services provider’s stock worth $4,050,000 after purchasing an additional 209,897 shares in the last quarter. LPL Financial LLC grew its position in Royce Small-Cap Trust by 52.3% during the 1st quarter. LPL Financial LLC now owns 1,919,691 shares of the financial services provider’s stock worth $27,336,000 after purchasing an additional 659,578 shares in the last quarter. NorthStar Asset Management LLC NJ purchased a new position in Royce Small-Cap Trust during the 1st quarter worth approximately $144,000. Abel Hall LLC grew its position in Royce Small-Cap Trust by 10.0% during the 1st quarter. Abel Hall LLC now owns 22,000 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Triumph Capital Management grew its position in Royce Small-Cap Trust by 7.7% during the 1st quarter. Triumph Capital Management now owns 62,628 shares of the financial services provider’s stock worth $892,000 after purchasing an additional 4,502 shares in the last quarter. Institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Trading Up 0.1%

NYSE RVT opened at $15.24 on Wednesday. Royce Small-Cap Trust, Inc. has a twelve month low of $12.12 and a twelve month high of $16.93. The firm’s 50 day moving average price is $15.12 and its two-hundred day moving average price is $14.90.

Royce Small-Cap Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, June 12th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 7.6%. The ex-dividend date was Thursday, June 12th.

Insiders Place Their Bets

In other news, insider Charles M. Royce sold 21,735 shares of the business’s stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $14.96, for a total transaction of $325,155.60. Following the transaction, the insider directly owned 86,938 shares in the company, valued at $1,300,592.48. The trade was a 20.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.06% of the company’s stock.

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.