Osaic Holdings Inc. Buys 75,110 Shares of Royce Small-Cap Trust, Inc. $RVT

Osaic Holdings Inc. grew its stake in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) by 37.8% in the second quarter, Holdings Channel reports. The institutional investor owned 273,832 shares of the financial services provider’s stock after purchasing an additional 75,110 shares during the period. Osaic Holdings Inc.’s holdings in Royce Small-Cap Trust were worth $4,121,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC bought a new position in Royce Small-Cap Trust during the second quarter valued at about $25,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Royce Small-Cap Trust in the 2nd quarter worth approximately $28,000. Colonial Trust Advisors acquired a new stake in shares of Royce Small-Cap Trust during the 2nd quarter worth approximately $53,000. Truist Financial Corp bought a new stake in shares of Royce Small-Cap Trust during the second quarter valued at approximately $156,000. Finally, Jacobi Capital Management LLC bought a new stake in shares of Royce Small-Cap Trust during the first quarter valued at approximately $160,000. 25.57% of the stock is owned by institutional investors and hedge funds.

Royce Small-Cap Trust Trading Up 1.2%

RVT opened at $16.38 on Thursday. Royce Small-Cap Trust, Inc. has a fifty-two week low of $12.12 and a fifty-two week high of $16.87. The firm’s fifty day moving average price is $15.99 and its two-hundred day moving average price is $15.75.

Royce Small-Cap Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Thursday, December 11th were given a dividend of $0.54 per share. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, December 11th. This represents a $2.16 annualized dividend and a dividend yield of 13.2%.

Royce Small-Cap Trust Company 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.