Shaker Financial Services LLC Raises Stock Holdings in Royce Small-Cap Trust, Inc. (NYSE:RVT)

Shaker Financial Services LLC increased its position in Royce Small-Cap Trust, Inc. (NYSE:RVT) by 281.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 284,397 shares of the financial services provider’s stock after acquiring an additional 209,897 shares during the period. Royce Small-Cap Trust makes up about 1.6% of Shaker Financial Services LLC’s portfolio, making the stock its 13th biggest holding. Shaker Financial Services LLC’s holdings in Royce Small-Cap Trust were worth $4,050,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RVT. Raymond James Financial Inc. acquired a new stake in Royce Small-Cap Trust during the 4th quarter worth about $48,539,000. LPL Financial LLC grew its position in Royce Small-Cap Trust by 52.3% during the 1st quarter. LPL Financial LLC now owns 1,919,691 shares of the financial services provider’s stock worth $27,336,000 after purchasing an additional 659,578 shares during the period. Wells Fargo & Company MN grew its position in Royce Small-Cap Trust by 23.3% during the 4th quarter. Wells Fargo & Company MN now owns 1,673,671 shares of the financial services provider’s stock worth $26,444,000 after purchasing an additional 315,880 shares during the period. Penserra Capital Management LLC acquired a new stake in Royce Small-Cap Trust during the 1st quarter worth about $4,486,000. Finally, Royal Bank of Canada grew its position in Royce Small-Cap Trust by 8.3% during the 4th quarter. Royal Bank of Canada now owns 1,553,618 shares of the financial services provider’s stock worth $24,548,000 after purchasing an additional 118,894 shares during the period. 25.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Charles M. Royce sold 21,735 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $14.96, for a total transaction of $325,155.60. Following the sale, the insider directly owned 86,938 shares of the company’s stock, valued at $1,300,592.48. This represents a 20.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is currently owned by insiders.

Royce Small-Cap Trust Stock Up 2.0%

Shares of RVT opened at $15.24 on Tuesday. The business’s 50-day moving average is $15.11 and its two-hundred day moving average is $14.89. Royce Small-Cap Trust, Inc. has a fifty-two week low of $12.12 and a fifty-two week high of $16.93.

Royce Small-Cap Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Thursday, June 12th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend was Thursday, June 12th.

About Royce Small-Cap Trust

Royce Value Trust Inc is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies.