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

Royce Small-Cap Trust, Inc. (NYSE:RVT) President Christopher Clark acquired 1,200 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was bought at an average cost of $17.06 per share, with a total value of $20,472.00. Following the acquisition, the president owned 53,840 shares in the company, valued at approximately $918,510.40. This trade represents a 2.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Royce Small-Cap Trust Stock Up 1.0%

Royce Small-Cap Trust stock opened at $17.26 on Friday. Royce Small-Cap Trust, Inc. has a 52 week low of $14.97 and a 52 week high of $19.12. The business’s 50-day moving average price is $18.15 and its 200 day moving average price is $17.97.

Royce Small-Cap Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Friday, September 11th were given a $0.33 dividend. The ex-dividend date was Friday, September 11th. This represents a $1.32 annualized dividend and a yield of 7.6%. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.31.

Hedge Funds Weigh In On Royce Small-Cap Trust

Several large investors have recently made changes to their positions in the company. Bank of America Corp DE purchased a new position in shares of Royce Small-Cap Trust in the 2nd quarter valued at about $111,827,000. RB Capital Management LLC acquired a new position in Royce Small-Cap Trust in the 2nd quarter worth about $3,162,000. Cetera Investment Advisers boosted its position 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 worth $4,892,000 after purchasing an additional 164,578 shares in the last quarter. Evolve Private Wealth LLC purchased a new position in Royce Small-Cap Trust during the second quarter worth approximately $1,995,000. Finally, Sanctuary Advisors LLC purchased a new position in Royce Small-Cap Trust during the second quarter worth approximately $1,887,000. 25.57% of the stock is currently owned by institutional investors and hedge funds.

Royce Small-Cap Trust Company Profile

Royce Small-Cap Trust, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol RVT. The trust seeks long-term capital appreciation by investing primarily in equity securities of small-capitalization companies.

The trust’s portfolio generally includes common stocks of U.S. companies across a range of industries. Its investment approach emphasizes fundamental research and the selection of smaller businesses that Royce Investment Partners, the trust’s investment adviser, believes offer attractive long-term growth potential and strong business characteristics.

Founded in 1986, Royce Small-Cap Trust is managed as part of Royce Investment Partners’ small-cap investment platform.