88,150 Shares in Royce Small-Cap Trust, Inc. $RVT Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new position in Royce Small-Cap Trust, Inc. (NYSE:RVT) during the second quarter, HoldingsChannel.com reports. The fund purchased 88,150 shares of the financial services provider’s stock, valued at approximately $1,628,000.

Several other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in shares of Royce Small-Cap Trust by 1.9% during the first quarter. Bank of America Corp DE now owns 5,836,337 shares of the financial services provider’s stock valued at $96,883,000 after buying an additional 108,629 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Royce Small-Cap Trust by 45.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 177,676 shares of the financial services provider’s stock worth $3,282,000 after buying an additional 55,191 shares during the last quarter. Focused Wealth Management Inc bought a new position in Royce Small-Cap Trust during the 2nd quarter valued at about $1,357,000. Altium Capital Management LLC bought a new position in Royce Small-Cap Trust during the 4th quarter valued at about $3,099,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Royce Small-Cap Trust during the 1st quarter valued at about $1,182,000. 25.57% of the stock is owned by hedge funds and other institutional investors.

Royce Small-Cap Trust Trading Up 0.8%

Shares of RVT stock opened at $18.70 on Friday. Royce Small-Cap Trust, Inc. has a 52 week low of $14.97 and a 52 week high of $19.12. The company has a 50 day moving average price of $18.31 and a 200-day moving average price of $17.98.

Royce Small-Cap Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were paid a dividend of $0.31 per share. The ex-dividend date was Thursday, June 11th. This represents a $1.24 dividend on an annualized basis and a yield of 6.6%. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.30.

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.