Sanctuary Advisors LLC Invests $1.89 Million in Royce Small-Cap Trust, Inc. $RVT

Sanctuary Advisors LLC purchased a new stake in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 102,167 shares of the financial services provider’s stock, valued at approximately $1,887,000.

Several other hedge funds have also added to or reduced their stakes in RVT. Western Wealth Management LLC acquired a new stake in Royce Small-Cap Trust in the first quarter worth about $28,000. Newbridge Financial Services Group Inc. acquired a new position in Royce Small-Cap Trust during the 2nd quarter valued at about $28,000. Fairway Wealth LLC acquired a new position in Royce Small-Cap Trust during the 1st quarter valued at about $33,000. Private Wealth Asset Management LLC bought a new position in shares of Royce Small-Cap Trust in the 4th quarter valued at about $52,000. Finally, Assetmark Inc. boosted its stake in shares of Royce Small-Cap Trust by 176.4% in the 1st quarter. Assetmark Inc. now owns 3,701 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 2,362 shares during the last quarter. Institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Trading Up 0.3%

Shares of NYSE:RVT opened at $18.77 on Thursday. The company has a 50 day moving average of $18.35 and a 200-day moving average of $18.01. Royce Small-Cap Trust, Inc. has a one year low of $14.97 and a one year high of $19.12.

Royce Small-Cap Trust Increases Dividend

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

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.