Cypress Capital Management LLC WY Takes Position in Royce Small-Cap Trust, Inc. $RVT

Cypress Capital Management LLC WY purchased a new position in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 32,523 shares of the financial services provider’s stock, valued at approximately $525,000.

A number of other hedge funds also recently modified their holdings of RVT. Bank of America Corp DE grew its holdings in Royce Small-Cap Trust by 0.9% during the second quarter. Bank of America Corp DE now owns 6,293,535 shares of the financial services provider’s stock valued at $94,718,000 after purchasing an additional 54,485 shares during the period. Raymond James Financial Inc. raised its stake in shares of Royce Small-Cap Trust by 6.7% in the second quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider’s stock valued at $47,776,000 after buying an additional 198,905 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Royce Small-Cap Trust by 38.0% during the 2nd 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. Shaker Financial Services LLC grew its stake in shares of Royce Small-Cap Trust by 105.7% during the 2nd quarter. Shaker Financial Services LLC now owns 585,074 shares of the financial services provider’s stock worth $8,805,000 after acquiring an additional 300,677 shares during the period. Finally, Blue Bell Private Wealth Management LLC increased its holdings in Royce Small-Cap Trust by 14.5% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 563,372 shares of the financial services provider’s stock worth $9,087,000 after acquiring an additional 71,196 shares during the last quarter. Institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Stock Performance

Shares of Royce Small-Cap Trust stock opened at $17.52 on Wednesday. Royce Small-Cap Trust, Inc. has a 52-week low of $12.12 and a 52-week high of $17.68. The stock’s 50-day simple moving average is $16.45 and its 200 day simple moving average is $16.06.

Royce Small-Cap Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Thursday, December 11th were given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 12.3%. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, December 11th.

Royce Small-Cap Trust 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.