HBK Sorce Advisory LLC Buys New Position in Royce Small-Cap Trust, Inc. $RVT

HBK Sorce Advisory LLC purchased a new position in Royce Small-Cap Trust, Inc. (NYSE:RVT) in the 2nd quarter, HoldingsChannel reports. The fund purchased 29,544 shares of the financial services provider’s stock, valued at approximately $552,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of Royce Small-Cap Trust by 1.9% in the 1st quarter. Bank of America Corp DE now owns 5,836,337 shares of the financial services provider’s stock valued at $96,883,000 after acquiring an additional 108,629 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Royce Small-Cap Trust by 45.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 177,676 shares of the financial services provider’s stock valued at $3,282,000 after acquiring an additional 55,191 shares during the period. Altium Capital Management LLC acquired a new position in Royce Small-Cap Trust in the fourth quarter valued at $3,099,000. Fifth Third Bancorp acquired a new position in Royce Small-Cap Trust in the 1st quarter valued at about $1,182,000. Finally, Cetera Investment Advisers increased its holdings in shares of Royce Small-Cap Trust by 126.5% in the first quarter. Cetera Investment Advisers now owns 294,684 shares of the financial services provider’s stock valued at $4,892,000 after purchasing an additional 164,578 shares during the period. 25.57% of the stock is owned by institutional investors and hedge funds.

Royce Small-Cap Trust Trading Up 0.2%

Shares of Royce Small-Cap Trust stock opened at $19.02 on Tuesday. The company’s 50-day simple moving average is $18.23 and its 200-day simple moving average is $17.95. Royce Small-Cap Trust, Inc. has a 52-week low of $14.97 and a 52-week high of $19.05.

Royce Small-Cap Trust Increases Dividend

The company also recently declared 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 boost 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 annualized dividend and a dividend yield of 6.5%.

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.