Readystate Asset Management LP Sells 187,897 Shares of Royce Small-Cap Trust, Inc. $RVT

Readystate Asset Management LP lessened its position in Royce Small-Cap Trust, Inc. (NYSE:RVT) by 80.7% during the third quarter, Holdings Channel reports. The institutional investor owned 44,812 shares of the financial services provider’s stock after selling 187,897 shares during the quarter. Readystate Asset Management LP’s holdings in Royce Small-Cap Trust were worth $723,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of RVT. Rothschild Investment LLC raised its holdings in shares of Royce Small-Cap Trust by 10.1% in the third quarter. Rothschild Investment LLC now owns 223,693 shares of the financial services provider’s stock valued at $3,608,000 after purchasing an additional 20,521 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Royce Small-Cap Trust by 10.6% in the third quarter. PNC Financial Services Group Inc. now owns 12,713 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 1,221 shares in the last quarter. HighTower Advisors LLC increased its stake in Royce Small-Cap Trust by 1.8% in the 3rd quarter. HighTower Advisors LLC now owns 160,802 shares of the financial services provider’s stock valued at $2,594,000 after buying an additional 2,839 shares during the last quarter. Uhlmann Price Securities LLC lifted its position in Royce Small-Cap Trust by 12.8% during the 3rd quarter. Uhlmann Price Securities LLC now owns 13,368 shares of the financial services provider’s stock worth $216,000 after buying an additional 1,521 shares in the last quarter. Finally, WJ Financial Advisors LLC bought a new stake in Royce Small-Cap Trust during the 3rd quarter worth about $868,000. Institutional investors and hedge funds own 25.57% of the company’s stock.

Royce Small-Cap Trust Stock Performance

Shares of NYSE RVT opened at $18.59 on Thursday. The business has a 50-day moving average of $17.04 and a 200-day moving average of $16.34. Royce Small-Cap Trust, Inc. has a fifty-two week low of $12.12 and a fifty-two week high of $18.73.

Royce Small-Cap Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Thursday, December 11th were paid a dividend of $0.54 per share. The ex-dividend date was Thursday, December 11th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 11.6%. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.29.

Royce Small-Cap Trust Company Profile

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.