Focused Wealth Management Inc Makes New $1.36 Million Investment in Royce Small-Cap Trust, Inc. $RVT

Focused Wealth Management Inc purchased a new position in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 73,461 shares of the financial services provider’s stock, valued at approximately $1,357,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Western Wealth Management LLC acquired a new position 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 stake in shares of Royce Small-Cap Trust in the 1st quarter worth about $33,000. Private Wealth Asset Management LLC acquired a new position in shares of Royce Small-Cap Trust during the 4th quarter worth approximately $52,000. Finally, Assetmark Inc. boosted its stake in shares of Royce Small-Cap Trust by 176.4% during the first 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 last quarter. Hedge funds and other institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Trading Up 0.2%

Shares of RVT opened at $19.02 on Tuesday. The stock has a fifty day moving average of $18.23 and a two-hundred day moving average of $17.95. Royce Small-Cap Trust, Inc. has a fifty-two week low of $14.97 and a fifty-two week high of $19.05.

Royce Small-Cap Trust Increases Dividend

The business 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 represents a $1.24 annualized dividend and a yield of 6.5%. 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.

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.