Cetera Investment Advisers Increases Stake in Royce Small-Cap Trust, Inc. $RVT

Cetera Investment Advisers boosted its stake in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) by 126.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 294,684 shares of the financial services provider’s stock after purchasing an additional 164,578 shares during the quarter. Cetera Investment Advisers’ holdings in Royce Small-Cap Trust were worth $4,892,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in shares of Royce Small-Cap Trust by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 6,293,535 shares of the financial services provider’s stock worth $94,718,000 after acquiring an additional 54,485 shares during the last quarter. Morgan Stanley boosted its position in shares of Royce Small-Cap Trust by 9.1% during the 4th 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 last quarter. Raymond James Financial Inc. boosted its position in shares of Royce Small-Cap Trust by 6.7% during the 2nd 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 last quarter. LPL Financial LLC grew its holdings in shares of Royce Small-Cap Trust by 9.4% in the fourth quarter. LPL Financial LLC now owns 2,257,033 shares of the financial services provider’s stock valued at $36,338,000 after purchasing an additional 194,412 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of Royce Small-Cap Trust by 1.7% in the fourth quarter. Royal Bank of Canada now owns 1,611,687 shares of the financial services provider’s stock valued at $25,949,000 after purchasing an additional 26,655 shares during the period. 25.57% of the stock is currently owned by hedge funds and other institutional investors.

Royce Small-Cap Trust Stock Performance

Royce Small-Cap Trust stock opened at $18.43 on Tuesday. Royce Small-Cap Trust, Inc. has a 12-month low of $14.93 and a 12-month high of $18.88. The company has a 50-day moving average price of $18.12 and a 200 day moving average price of $17.85.

Royce Small-Cap Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 11th were paid a $0.31 dividend. 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. This represents a $1.24 annualized dividend and a dividend yield of 6.7%.

Royce Small-Cap Trust 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.