UBS Group AG Trims Holdings in Royce Small-Cap Trust, Inc. $RVT

UBS Group AG decreased its holdings in Royce Small-Cap Trust, Inc. (NYSE:RVT) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 624,764 shares of the financial services provider’s stock after selling 68,871 shares during the quarter. UBS Group AG owned about 0.52% of Royce Small-Cap Trust worth $10,059,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of America Corp DE raised its position in Royce Small-Cap Trust by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 6,293,535 shares of the financial services provider’s stock valued at $94,718,000 after purchasing an additional 54,485 shares during the last quarter. Raymond James Financial Inc. raised its position in Royce Small-Cap Trust by 6.7% in the 2nd 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 during the last quarter. Cornerstone Advisors LLC raised its position in Royce Small-Cap Trust by 476.3% in the 3rd quarter. Cornerstone Advisors LLC now owns 685,519 shares of the financial services provider’s stock valued at $11,057,000 after purchasing an additional 566,576 shares during the last quarter. Waterfront Wealth Inc. raised its position in Royce Small-Cap Trust by 41.1% in the 3rd 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 during the last quarter. Finally, Paller Financial Services Inc purchased a new stake in Royce Small-Cap Trust in the 4th quarter valued at $5,106,000. Hedge funds and other institutional investors own 25.57% of the company’s stock.

Insider Activity at Royce Small-Cap Trust

In other news, President Christopher D. Clark bought 4,500 shares of Royce Small-Cap Trust stock in a transaction dated Tuesday, March 24th. The stock was bought at an average price of $16.69 per share, for a total transaction of $75,105.00. Following the purchase, the president owned 47,235 shares of the company’s stock, valued at approximately $788,352.15. The trade was a 10.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.

Royce Small-Cap Trust Stock Performance

Shares of Royce Small-Cap Trust stock opened at $18.00 on Friday. Royce Small-Cap Trust, Inc. has a one year low of $14.41 and a one year high of $18.88. The firm has a fifty day moving average of $17.53 and a two-hundred day moving average of $17.04.

Royce Small-Cap Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Thursday, March 12th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Thursday, March 12th.

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.