Royce Small-Cap Trust, Inc. (RVT) To Go Ex-Dividend on September 11th

by · The Markets Daily

Royce Small-Cap Trust, Inc. (NYSE:RVT – Get Free Report) declared a quarterly dividend on Tuesday, September 1st. Stockholders of record on Friday, September 11th will be paid a dividend of 0.33 per share by the financial services provider on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Friday, September 11th. This is a 6.5% increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.31.

Royce Small-Cap Trust Stock Up 0.6%

Shares of NYSE RVT opened at $18.30 on Thursday. Royce Small-Cap Trust has a 1 year low of $14.97 and a 1 year high of $19.12. The firm’s 50-day moving average is $18.40 and its 200-day moving average is $18.03.

Institutional Trading of Royce Small-Cap Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC boosted its stake in Royce Small-Cap Trust by 12.9% during the 2nd quarter. HighTower Advisors LLC now owns 200,824 shares of the financial services provider’s stock worth $3,709,000 after acquiring an additional 23,021 shares during the last quarter. Triumph Capital Management grew its stake in shares of Royce Small-Cap Trust by 4.8% in the second quarter. Triumph Capital Management now owns 60,025 shares of the financial services provider’s stock valued at $1,109,000 after buying an additional 2,755 shares in the last quarter. Rivernorth Capital Management LLC raised its position in Royce Small-Cap Trust by 0.9% during the second quarter. Rivernorth Capital Management LLC now owns 607,243 shares of the financial services provider’s stock worth $11,216,000 after acquiring an additional 5,268 shares in the last quarter. Two Sigma Securities LLC bought a new stake in Royce Small-Cap Trust during the second quarter worth $244,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Royce Small-Cap Trust by 9.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 21,090 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 1,849 shares during the last quarter. Institutional investors own 25.57% of the company’s stock.

About Royce Small-Cap Trust

(Get Free Report)

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.

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