Royce Small-Cap Trust (NYSE:RVT) President Christopher Clark Buys 4,500 Shares

Royce Small-Cap Trust, Inc. (NYSE:RVT) President Christopher Clark bought 4,500 shares of Royce Small-Cap Trust stock in a transaction that occurred on Tuesday, March 24th. The stock was purchased at an average price of $16.69 per share, for a total transaction of $75,105.00. Following the acquisition, the president directly owned 47,235 shares of the company’s stock, valued at $788,352.15. The trade was a 10.53% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Royce Small-Cap Trust Price Performance

RVT stock opened at $16.90 on Thursday. The stock has a 50-day moving average price of $17.58 and a two-hundred day moving average price of $16.64. Royce Small-Cap Trust, Inc. has a 12-month low of $12.12 and a 12-month high of $18.73.

Royce Small-Cap Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Thursday, March 12th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, March 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.1%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in Royce Small-Cap Trust by 0.9% during the 2nd quarter. Bank of America Corp DE now owns 6,293,535 shares of the financial services provider’s stock worth $94,718,000 after purchasing an additional 54,485 shares during the period. Morgan Stanley raised its position in Royce Small-Cap Trust by 9.1% in the fourth quarter. Morgan Stanley now owns 6,252,497 shares of the financial services provider’s stock valued at $100,665,000 after purchasing an additional 519,959 shares during the period. Raymond James Financial Inc. lifted its stake 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 worth $47,776,000 after purchasing an additional 198,905 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Royce Small-Cap Trust by 9.4% during the fourth quarter. LPL Financial LLC now owns 2,257,033 shares of the financial services provider’s stock worth $36,338,000 after purchasing an additional 194,412 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Royce Small-Cap Trust by 1.7% in the fourth quarter. Royal Bank of Canada now owns 1,611,687 shares of the financial services provider’s stock worth $25,949,000 after buying an additional 26,655 shares during the period. 25.57% of the stock is owned by institutional investors and hedge funds.

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.