Cornerstone Advisors LLC Buys 566,576 Shares of Royce Small-Cap Trust, Inc. $RVT

Cornerstone Advisors LLC lifted its stake in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) by 476.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 685,519 shares of the financial services provider’s stock after buying an additional 566,576 shares during the period. Cornerstone Advisors LLC’s holdings in Royce Small-Cap Trust were worth $11,057,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Shaker Financial Services LLC grew its holdings 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. Raymond James Financial Inc. boosted its position 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 valued at $47,776,000 after purchasing an additional 198,905 shares in the last quarter. Waterfront Wealth Inc. boosted its position in shares of Royce Small-Cap Trust by 41.1% during the third quarter. Waterfront Wealth Inc. now owns 679,108 shares of the financial services provider’s stock valued at $10,786,000 after purchasing an additional 197,680 shares in the last quarter. Wolverine Asset Management LLC grew its stake 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 purchasing an additional 155,305 shares during the period. Finally, Balyasny Asset Management L.P. bought a new position in Royce Small-Cap Trust in the second quarter worth $1,173,000. 25.57% of the stock is owned by institutional investors.

Royce Small-Cap Trust Price Performance

Shares of Royce Small-Cap Trust stock opened at $18.59 on Thursday. Royce Small-Cap Trust, Inc. has a 12 month low of $12.12 and a 12 month high of $18.73. The business has a fifty day simple moving average of $17.04 and a two-hundred day simple moving average of $16.34.

Royce Small-Cap Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Thursday, December 11th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 11.6%. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, December 11th.

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.