Janney Montgomery Scott LLC Sells 54,274 Shares of Royce Small-Cap Trust, Inc. $RVT

Janney Montgomery Scott LLC lowered its stake in Royce Small-Cap Trust, Inc. (NYSE:RVT) by 6.9% during the 1st quarter, HoldingsChannel reports. The firm owned 728,481 shares of the financial services provider’s stock after selling 54,274 shares during the period. Janney Montgomery Scott LLC’s holdings in Royce Small-Cap Trust were worth $12,093,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in RVT. NewEdge Advisors LLC lifted its holdings in shares of Royce Small-Cap Trust by 5.8% during the 1st quarter. NewEdge Advisors LLC now owns 53,335 shares of the financial services provider’s stock valued at $759,000 after buying an additional 2,919 shares during the period. Jane Street Group LLC bought a new stake in shares of Royce Small-Cap Trust in the first quarter worth $186,000. Cetera Investment Advisers increased its position in Royce Small-Cap Trust by 7.4% during the second quarter. Cetera Investment Advisers now owns 36,282 shares of the financial services provider’s stock valued at $546,000 after acquiring an additional 2,494 shares during the last quarter. Walleye Capital LLC purchased a new stake in Royce Small-Cap Trust during the second quarter valued at $775,000. Finally, Brown Advisory Inc. lifted its holdings in Royce Small-Cap Trust by 69.8% in the second quarter. Brown Advisory Inc. now owns 24,801 shares of the financial services provider’s stock valued at $373,000 after acquiring an additional 10,193 shares during the period. Institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Price Performance

Shares of NYSE:RVT opened at $18.51 on Thursday. The stock’s 50-day simple moving average is $18.21 and its two-hundred day simple moving average is $17.56. Royce Small-Cap Trust, Inc. has a 52-week low of $14.78 and a 52-week high of $18.88.

Royce Small-Cap Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 11th were paid a $0.31 dividend. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, June 11th. This represents a $1.24 annualized dividend and a dividend 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.