Royce Small-Cap Trust, Inc. $RVT Position Lowered by Advisors Asset Management Inc.

Advisors Asset Management Inc. reduced its position in Royce Small-Cap Trust, Inc. (NYSE:RVT) by 32.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 336,820 shares of the financial services provider’s stock after selling 158,800 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.28% of Royce Small-Cap Trust worth $5,433,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RVT. CWM LLC bought a new position in Royce Small-Cap Trust during the 2nd quarter worth approximately $25,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Royce Small-Cap Trust during the 2nd quarter valued at approximately $28,000. Westfuller Advisors LLC bought a new position in Royce Small-Cap Trust during the third quarter worth $29,000. Quent Capital LLC bought a new position in Royce Small-Cap Trust during the third quarter worth $46,000. Finally, Coastline Trust Co acquired a new position in Royce Small-Cap Trust in the third quarter worth $48,000. Institutional investors and hedge funds own 25.57% of the company’s stock.

Royce Small-Cap Trust Trading Down 1.1%

RVT stock opened at $17.97 on Friday. Royce Small-Cap Trust, Inc. has a 1-year low of $12.12 and a 1-year high of $18.35. The firm has a fifty day moving average price of $16.88 and a two-hundred day moving average price of $16.24.

Royce Small-Cap Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Thursday, December 11th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 12.0%. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.29.

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.