Evolve Private Wealth LLC Acquires Shares of 108,008 Royce Small-Cap Trust, Inc. $RVT

Evolve Private Wealth LLC bought a new position in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 108,008 shares of the financial services provider’s stock, valued at approximately $1,995,000.

Several other large investors have also recently modified their holdings of RVT. Western Wealth Management LLC bought a new stake in shares of Royce Small-Cap Trust in the first quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. purchased a new position in Royce Small-Cap Trust in the 2nd quarter valued at approximately $28,000. Fairway Wealth LLC purchased a new position in Royce Small-Cap Trust in the 1st quarter valued at approximately $33,000. Private Wealth Asset Management LLC bought a new stake in Royce Small-Cap Trust during the 4th quarter valued at $52,000. Finally, Assetmark Inc. raised its holdings in Royce Small-Cap Trust by 176.4% during the 1st quarter. Assetmark Inc. now owns 3,701 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 2,362 shares during the period. Hedge funds and other institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Stock Performance

NYSE:RVT opened at $18.70 on Friday. Royce Small-Cap Trust, Inc. has a 1 year low of $14.97 and a 1 year high of $19.12. The stock’s fifty day moving average price is $18.31 and its two-hundred day moving average price is $17.98.

Royce Small-Cap Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 11th were issued a dividend of $0.31 per share. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.24 dividend on an annualized basis and a yield of 6.6%.

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.