Belpointe Asset Management LLC Makes New $192,000 Investment in Royce Small-Cap Trust, Inc. $RVT

Belpointe Asset Management LLC acquired a new stake in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,469 shares of the financial services provider’s stock, valued at approximately $192,000.

Other large investors also recently modified their holdings of the company. Vermillion Wealth Management Inc. purchased a new stake in Royce Small-Cap Trust in the fourth quarter worth $29,000. Wolverine Asset Management LLC bought a new stake in shares of Royce Small-Cap Trust during the 1st quarter valued at $112,000. Farther Finance Advisors LLC grew its position in shares of Royce Small-Cap Trust by 6,938.5% in the 1st quarter. Farther Finance Advisors LLC now owns 10,065 shares of the financial services provider’s stock worth $144,000 after buying an additional 9,922 shares during the period. NorthStar Asset Management LLC NJ bought a new position in shares of Royce Small-Cap Trust in the 1st quarter worth about $144,000. Finally, Inscription Capital LLC purchased a new position in Royce Small-Cap Trust during the 1st quarter valued at about $156,000. 25.57% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Charles M. Royce sold 21,735 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $14.96, for a total value of $325,155.60. Following the completion of the sale, the insider directly owned 86,938 shares of the company’s stock, valued at approximately $1,300,592.48. This represents a 20.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.08% of the company’s stock.

Royce Small-Cap Trust Stock Performance

Shares of NYSE:RVT opened at $16.05 on Wednesday. The business has a fifty day moving average price of $15.66 and a 200-day moving average price of $14.85. Royce Small-Cap Trust, Inc. has a 1-year low of $12.12 and a 1-year high of $16.93.

Royce Small-Cap Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 12th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Friday, September 12th.

Royce Small-Cap Trust Company Profile

Royce Value Trust Inc is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies.