Mccarter Private Wealth Services LLC Boosts Stock Position in Royce Small-Cap Trust, Inc. $RVT

Mccarter Private Wealth Services LLC grew its position in Royce Small-Cap Trust, Inc. (NYSE:RVT) by 265.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,966 shares of the financial services provider’s stock after purchasing an additional 32,646 shares during the period. Mccarter Private Wealth Services LLC’s holdings in Royce Small-Cap Trust were worth $725,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. CWM LLC purchased a new stake in Royce Small-Cap Trust in the second quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. acquired a new stake in Royce Small-Cap Trust during the 2nd quarter valued at approximately $28,000. Coastline Trust Co purchased a new stake in shares of Royce Small-Cap Trust in the 3rd quarter valued at $48,000. Sound Income Strategies LLC purchased a new stake in shares of Royce Small-Cap Trust in the 3rd quarter valued at $51,000. Finally, Colonial Trust Advisors acquired a new stake in shares of Royce Small-Cap Trust in the second quarter worth $53,000. 25.57% of the stock is currently owned by hedge funds and other institutional investors.

Royce Small-Cap Trust Stock Performance

NYSE RVT opened at $16.63 on Wednesday. The company has a fifty day moving average of $16.02 and a 200 day moving average of $15.85. Royce Small-Cap Trust, Inc. has a 1 year low of $12.12 and a 1 year high of $16.87.

Royce Small-Cap Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Thursday, December 11th were issued a $0.54 dividend. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $2.16 annualized dividend and a dividend yield of 13.0%.

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.