Concorde Asset Management LLC Acquires New Stake in Royce Small-Cap Trust, Inc. $RVT

Concorde Asset Management LLC acquired a new stake in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 54,600 shares of the financial services provider’s stock, valued at approximately $1,008,000. Royce Small-Cap Trust accounts for approximately 0.6% of Concorde Asset Management LLC’s investment portfolio, making the stock its 22nd largest holding.

A number of other large investors have also bought and sold shares of RVT. Bank of America Corp DE bought a new stake in shares of Royce Small-Cap Trust in the second quarter valued at $111,827,000. Morgan Stanley grew its stake in shares of Royce Small-Cap Trust by 9.1% during the 4th quarter. Morgan Stanley now owns 6,252,497 shares of the financial services provider’s stock worth $100,665,000 after acquiring an additional 519,959 shares during the period. Raymond James Financial Inc. grew its stake in shares of Royce Small-Cap Trust by 6.7% during the 2nd 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 during the period. LPL Financial LLC lifted its holdings in Royce Small-Cap Trust by 9.4% during the fourth quarter. LPL Financial LLC now owns 2,257,033 shares of the financial services provider’s stock valued at $36,338,000 after purchasing an additional 194,412 shares during the last quarter. Finally, Altium Capital Management LLC bought a new position in Royce Small-Cap Trust during the fourth quarter worth about $3,099,000. 25.57% of the stock is owned by hedge funds and other institutional investors.

Royce Small-Cap Trust Trading Up 0.3%

RVT opened at $18.81 on Friday. The firm has a 50-day moving average price of $18.37 and a 200-day moving average price of $18.02. Royce Small-Cap Trust, Inc. has a twelve month low of $14.97 and a twelve month high of $19.12.

Royce Small-Cap Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were given a dividend of $0.31 per share. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Thursday, June 11th.

Royce Small-Cap Trust 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.