Royce Small-Cap Trust, Inc. $RVT Holdings Reduced by Waterfront Wealth Inc.

Waterfront Wealth Inc. reduced its stake in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) by 12.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 564,561 shares of the financial services provider’s stock after selling 78,095 shares during the period. Royce Small-Cap Trust makes up approximately 1.7% of Waterfront Wealth Inc.’s portfolio, making the stock its 8th biggest holding. Waterfront Wealth Inc.’s holdings in Royce Small-Cap Trust were worth $9,372,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of RVT. Bank of America Corp DE boosted its stake in shares of Royce Small-Cap Trust by 0.9% in the second quarter. Bank of America Corp DE now owns 6,293,535 shares of the financial services provider’s stock worth $94,718,000 after buying an additional 54,485 shares during the last quarter. Morgan Stanley lifted its holdings 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 acquiring an additional 519,959 shares during the period. Raymond James Financial Inc. lifted its holdings in Royce Small-Cap Trust by 6.7% in the second quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider’s stock valued at $47,776,000 after acquiring an additional 198,905 shares during the period. LPL Financial LLC boosted its position in Royce Small-Cap Trust by 9.4% in the 4th 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 Royce Small-Cap Trust by 1.7% in the 4th quarter. Royal Bank of Canada now owns 1,611,687 shares of the financial services provider’s stock worth $25,949,000 after purchasing an additional 26,655 shares in the last quarter. Hedge funds and other institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Stock Up 1.8%

NYSE:RVT opened at $18.25 on Friday. The company has a 50 day moving average price of $18.21 and a 200-day moving average price of $17.65. Royce Small-Cap Trust, Inc. has a 1-year low of $14.78 and a 1-year high of $18.88.

Royce Small-Cap Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 11th were given a dividend of $0.31 per share. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 6.8%. The ex-dividend date was Thursday, June 11th.

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.