171,223 Shares in Royce Small-Cap Trust, Inc. $RVT Acquired by RB Capital Management LLC

RB Capital Management LLC acquired a new stake in Royce Small-Cap Trust, Inc. (NYSE:RVT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 171,223 shares of the financial services provider’s stock, valued at approximately $3,162,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in shares of Royce Small-Cap Trust by 1.9% in the first quarter. Bank of America Corp DE now owns 5,836,337 shares of the financial services provider’s stock valued at $96,883,000 after purchasing an additional 108,629 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in Royce Small-Cap Trust by 45.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 177,676 shares of the financial services provider’s stock worth $3,282,000 after buying an additional 55,191 shares during the period. Landscape Capital Management L.L.C. acquired a new position in Royce Small-Cap Trust during the second quarter worth about $1,628,000. Focused Wealth Management Inc purchased a new position in Royce Small-Cap Trust in the second quarter valued at about $1,357,000. Finally, Evolve Private Wealth LLC purchased a new position in Royce Small-Cap Trust in the second quarter valued at about $1,995,000. Institutional investors and hedge funds own 25.57% of the company’s stock.

Royce Small-Cap Trust Trading Down 1.3%

RVT stock opened at $18.59 on Friday. The firm has a 50 day moving average of $18.38 and a 200-day moving average of $18.02. Royce Small-Cap Trust, Inc. has a 12-month low of $14.97 and a 12-month high of $19.12.

Royce Small-Cap Trust Increases Dividend

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

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.