Hennion & Walsh Asset Management Inc. Grows Stock Position in Royce Small-Cap Trust, Inc. $RVT

Hennion & Walsh Asset Management Inc. increased its stake in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) by 45.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 177,676 shares of the financial services provider’s stock after purchasing an additional 55,191 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Royce Small-Cap Trust were worth $3,282,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RVT. Newbridge Financial Services Group Inc. acquired a new stake in shares of Royce Small-Cap Trust in the 2nd quarter worth $28,000. Western Wealth Management LLC purchased a new stake in shares of Royce Small-Cap Trust in the first quarter valued at about $28,000. Fairway Wealth LLC acquired a new position in shares of Royce Small-Cap Trust during the first quarter worth about $33,000. Private Wealth Asset Management LLC acquired a new position in shares of Royce Small-Cap Trust during the fourth quarter worth about $52,000. Finally, Assetmark Inc. raised its holdings in Royce Small-Cap Trust by 176.4% during the first quarter. Assetmark Inc. now owns 3,701 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 2,362 shares in the last quarter. 25.57% of the stock is currently owned by hedge funds and other institutional investors.

Royce Small-Cap Trust Price Performance

NYSE RVT opened at $18.74 on Tuesday. Royce Small-Cap Trust, Inc. has a 52-week low of $14.97 and a 52-week high of $18.88. The firm has a 50-day moving average price of $18.14 and a 200 day moving average price of $17.90.

Royce Small-Cap Trust Increases Dividend

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

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.