TrueMark Investments LLC Makes New $1.11 Million Investment in Royce Small-Cap Trust, Inc. $RVT

TrueMark Investments LLC bought a new position in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 69,041 shares of the financial services provider’s stock, valued at approximately $1,114,000.

Other hedge funds have also modified their holdings of the company. CWM LLC purchased a new position in shares of Royce Small-Cap Trust in the second quarter worth about $25,000. Newbridge Financial Services Group Inc. acquired a new stake in Royce Small-Cap Trust in the 2nd quarter valued at about $28,000. Quent Capital LLC purchased a new position in Royce Small-Cap Trust in the 3rd quarter worth approximately $46,000. Coastline Trust Co purchased a new position in Royce Small-Cap Trust in the 3rd quarter worth approximately $48,000. Finally, Sound Income Strategies LLC acquired a new position in shares of Royce Small-Cap Trust during the 3rd quarter worth approximately $51,000. 25.57% of the stock is currently owned by institutional investors and hedge funds.

Royce Small-Cap Trust Stock Performance

RVT stock opened at $17.44 on Friday. Royce Small-Cap Trust, Inc. has a 1 year low of $12.12 and a 1 year high of $17.59. The business has a 50 day simple moving average of $16.36 and a 200-day simple moving average of $16.02.

Royce Small-Cap Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Thursday, December 11th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 12.4%. The ex-dividend date was Thursday, December 11th. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.29.

Royce Small-Cap Trust Company 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.