Janney Montgomery Scott LLC Cuts Stock Holdings in Royce Small-Cap Trust, Inc. $RVT

Janney Montgomery Scott LLC lowered its position in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) by 6.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 728,481 shares of the financial services provider’s stock after selling 54,274 shares during the period. Janney Montgomery Scott LLC owned approximately 0.61% of Royce Small-Cap Trust worth $12,093,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new position in Royce Small-Cap Trust in the 2nd quarter valued at approximately $28,000. Private Wealth Asset Management LLC purchased a new stake in Royce Small-Cap Trust during the 4th quarter valued at $52,000. EverSource Wealth Advisors LLC increased its holdings in shares of Royce Small-Cap Trust by 100.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,500 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,750 shares in the last quarter. Eclectic Associates Inc. ADV bought a new stake in shares of Royce Small-Cap Trust in the 4th quarter worth $163,000. Finally, Almitas Capital LLC purchased a new position in shares of Royce Small-Cap Trust in the fourth quarter worth $168,000. Institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Stock Up 0.2%

Shares of NYSE:RVT opened at $18.51 on Thursday. Royce Small-Cap Trust, Inc. has a 1 year low of $14.78 and a 1 year high of $18.88. The stock’s fifty day moving average price is $18.21 and its 200-day moving average price is $17.56.

Royce Small-Cap Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were given a $0.31 dividend. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.24 dividend on an annualized basis and a yield of 6.7%.

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.