Advisors Asset Management Inc. Sells 108,697 Shares of Royce Small-Cap Trust, Inc. $RVT

Advisors Asset Management Inc. trimmed its position in Royce Small-Cap Trust, Inc. (NYSE:RVT) by 18.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 495,620 shares of the financial services provider’s stock after selling 108,697 shares during the period. Advisors Asset Management Inc. owned about 0.43% of Royce Small-Cap Trust worth $7,459,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Royce Small-Cap Trust by 16.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 184,744 shares of the financial services provider’s stock worth $2,780,000 after buying an additional 26,570 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Royce Small-Cap Trust by 38.0% during the second quarter. Janney Montgomery Scott LLC now owns 693,008 shares of the financial services provider’s stock valued at $10,430,000 after buying an additional 190,986 shares during the last quarter. Wolverine Asset Management LLC raised its position in Royce Small-Cap Trust by 1,982.4% in the second quarter. Wolverine Asset Management LLC now owns 163,139 shares of the financial services provider’s stock worth $2,455,000 after acquiring an additional 155,305 shares during the period. Waterfront Wealth Inc. boosted its stake in shares of Royce Small-Cap Trust by 9.1% during the 2nd quarter. Waterfront Wealth Inc. now owns 481,428 shares of the financial services provider’s stock worth $7,245,000 after acquiring an additional 39,954 shares during the last quarter. Finally, Truist Financial Corp purchased a new position in shares of Royce Small-Cap Trust during the 2nd quarter worth $156,000. Hedge funds and other institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Stock Performance

NYSE:RVT opened at $15.99 on Wednesday. Royce Small-Cap Trust, Inc. has a one year low of $12.12 and a one year high of $16.91. The business has a fifty day moving average price of $15.96 and a 200-day moving average price of $15.56.

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 issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend was Friday, September 12th.

About Royce Small-Cap Trust

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.