Royce Small-Cap Trust, Inc. $RVT is Waterfront Wealth Inc.’s 5th Largest Position

Waterfront Wealth Inc. increased its position in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) by 41.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 679,108 shares of the financial services provider’s stock after purchasing an additional 197,680 shares during the quarter. Royce Small-Cap Trust accounts for approximately 2.2% of Waterfront Wealth Inc.’s investment portfolio, making the stock its 5th largest holding. Waterfront Wealth Inc. owned 0.57% of Royce Small-Cap Trust worth $10,786,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in Royce Small-Cap Trust by 0.9% during the 2nd 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 acquiring an additional 54,485 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Royce Small-Cap Trust by 6.7% during the second quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider’s stock worth $47,776,000 after purchasing an additional 198,905 shares during the last quarter. Shaker Financial Services LLC lifted its position in Royce Small-Cap Trust by 105.7% during the second quarter. Shaker Financial Services LLC now owns 585,074 shares of the financial services provider’s stock valued at $8,805,000 after purchasing an additional 300,677 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in Royce Small-Cap Trust by 14.5% in the third quarter. Blue Bell Private Wealth Management LLC now owns 563,372 shares of the financial services provider’s stock valued at $9,087,000 after purchasing an additional 71,196 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its holdings in Royce Small-Cap Trust by 3.0% in the second quarter. Penserra Capital Management LLC now owns 324,599 shares of the financial services provider’s stock valued at $4,885,000 after purchasing an additional 9,570 shares during the last quarter. Institutional investors and hedge funds own 25.57% of the company’s stock.

Royce Small-Cap Trust Trading Up 3.1%

NYSE RVT opened at $17.86 on Monday. The stock has a 50-day simple moving average of $16.73 and a two-hundred day simple moving average of $16.18. Royce Small-Cap Trust, Inc. has a fifty-two week low of $12.12 and a fifty-two week high of $17.88.

Royce Small-Cap Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Thursday, December 11th were issued a $0.54 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.29. This represents a $2.16 dividend on an annualized basis and a yield of 12.1%.

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.