Shaker Financial Services LLC Sells 295,378 Shares of Royce Small-Cap Trust, Inc. $RVT

Shaker Financial Services LLC reduced its position in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) by 50.5% in the 3rd quarter, Holdings Channel reports. The firm owned 289,696 shares of the financial services provider’s stock after selling 295,378 shares during the period. Royce Small-Cap Trust accounts for approximately 1.6% of Shaker Financial Services LLC’s holdings, making the stock its 14th largest position. Shaker Financial Services LLC’s holdings in Royce Small-Cap Trust were worth $4,673,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE lifted its position in shares of Royce Small-Cap Trust by 0.9% during the 2nd quarter. Bank of America Corp DE now owns 6,293,535 shares of the financial services provider’s stock worth $94,718,000 after buying an additional 54,485 shares during the last quarter. Raymond James Financial Inc. raised its stake in Royce Small-Cap Trust by 6.7% during the second quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider’s stock worth $47,776,000 after acquiring an additional 198,905 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Royce Small-Cap Trust by 3.1% in the first quarter. Royal Bank of Canada now owns 1,601,377 shares of the financial services provider’s stock worth $22,803,000 after acquiring an additional 47,759 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Royce Small-Cap Trust by 38.0% in the second quarter. Janney Montgomery Scott LLC now owns 693,008 shares of the financial services provider’s stock worth $10,430,000 after acquiring an additional 190,986 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its stake in shares of Royce Small-Cap Trust by 14.5% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 563,372 shares of the financial services provider’s stock valued at $9,087,000 after purchasing an additional 71,196 shares in the last quarter. Institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Trading Up 1.7%

RVT stock opened at $16.63 on Wednesday. The company has a 50 day simple moving average of $16.02 and a 200 day simple moving average of $15.85. Royce Small-Cap Trust, Inc. has a 1 year low of $12.12 and a 1 year high of $16.87.

Royce Small-Cap Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Thursday, December 11th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 13.0%. The ex-dividend date of this dividend was Thursday, December 11th. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.29.

About Royce Small-Cap Trust

Royce Small-Cap Trust (NYSE:RVT) is a closed-end management investment company that seeks to provide investors with long-term capital appreciation by investing primarily in the common stocks of small-capitalization companies. The trust is structured to trade on the New York Stock Exchange, offering shares that represent an undivided interest in a diversified portfolio of U.S. small-cap equities. As a closed-end vehicle, the fund may employ leverage to enhance returns and reinvest dividends to support growth over time.

The trust’s investment strategy is driven by fundamental, bottom-up research, focusing on companies with market capitalizations typically falling within the small-cap spectrum.