Truist Financial Corp Purchases New Stake in Royce Small-Cap Trust, Inc. $RVT

Truist Financial Corp bought a new stake in Royce Small-Cap Trust, Inc. (NYSE:RVT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,376 shares of the financial services provider’s stock, valued at approximately $156,000.

Several other hedge funds have also recently added to or reduced their stakes in RVT. Farther Finance Advisors LLC lifted its stake in Royce Small-Cap Trust by 6,938.5% in the first quarter. Farther Finance Advisors LLC now owns 10,065 shares of the financial services provider’s stock valued at $144,000 after buying an additional 9,922 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Royce Small-Cap Trust by 122.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 30,849 shares of the financial services provider’s stock valued at $439,000 after buying an additional 16,966 shares during the period. Janney Montgomery Scott LLC lifted its stake in Royce Small-Cap Trust by 14.1% in the first quarter. Janney Montgomery Scott LLC now owns 502,022 shares of the financial services provider’s stock valued at $7,149,000 after buying an additional 62,192 shares during the period. Advisor Resource Council acquired a new position in Royce Small-Cap Trust in the first quarter valued at about $433,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Royce Small-Cap Trust by 2.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 124,521 shares of the financial services provider’s stock valued at $1,773,000 after buying an additional 3,174 shares during the period. Institutional investors and hedge funds own 25.57% of the company’s stock.

Royce Small-Cap Trust Stock Down 0.5%

NYSE RVT opened at $15.91 on Friday. The stock’s 50-day moving average is $16.05 and its 200-day moving average is $15.12. Royce Small-Cap Trust, Inc. has a one year low of $12.12 and a one year high of $16.93.

Royce Small-Cap Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 12th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.16 annualized dividend and a dividend yield of 7.3%.

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.