Royce Small-Cap Trust, Inc. $RVT Shares Sold by UBS Group AG

UBS Group AG lessened its position in Royce Small-Cap Trust, Inc. (NYSE:RVT) by 9.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 624,764 shares of the financial services provider’s stock after selling 68,871 shares during the period. UBS Group AG’s holdings in Royce Small-Cap Trust were worth $10,059,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in RVT. NewEdge Advisors LLC lifted its stake in shares of Royce Small-Cap Trust by 5.8% in the 1st quarter. NewEdge Advisors LLC now owns 53,335 shares of the financial services provider’s stock worth $759,000 after acquiring an additional 2,919 shares during the period. Jane Street Group LLC purchased a new position in shares of Royce Small-Cap Trust in the 1st quarter valued at about $186,000. Cetera Investment Advisers increased its holdings in shares of Royce Small-Cap Trust by 7.4% in the 2nd quarter. Cetera Investment Advisers now owns 36,282 shares of the financial services provider’s stock valued at $546,000 after purchasing an additional 2,494 shares in the last quarter. Walleye Capital LLC purchased a new position in shares of Royce Small-Cap Trust in the 2nd quarter valued at about $775,000. Finally, Brown Advisory Inc. increased its holdings in shares of Royce Small-Cap Trust by 69.8% in the 2nd quarter. Brown Advisory Inc. now owns 24,801 shares of the financial services provider’s stock valued at $373,000 after purchasing an additional 10,193 shares in the last quarter. Institutional investors and hedge funds own 25.57% of the company’s stock.

Royce Small-Cap Trust Trading Down 2.4%

Shares of RVT opened at $18.00 on Friday. The company has a 50-day simple moving average of $17.53 and a 200-day simple moving average of $17.04. Royce Small-Cap Trust, Inc. has a 52-week low of $14.41 and a 52-week high of $18.88.

Royce Small-Cap Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Thursday, March 12th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Thursday, March 12th.

Insider Activity

In related news, President Christopher D. Clark purchased 4,500 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was acquired at an average price of $16.69 per share, for a total transaction of $75,105.00. Following the acquisition, the president directly owned 47,235 shares of the company’s stock, valued at $788,352.15. This trade represents a 10.53% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is owned by corporate insiders.

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.