Shaker Financial Services LLC Sells 92,006 Shares of Royce Small-Cap Trust, Inc. $RVT

Shaker Financial Services LLC lowered its position in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) by 15.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 513,739 shares of the financial services provider’s stock after selling 92,006 shares during the period. Royce Small-Cap Trust accounts for 2.9% of Shaker Financial Services LLC’s investment portfolio, making the stock its largest position. Shaker Financial Services LLC’s holdings in Royce Small-Cap Trust were worth $8,800,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. PMG Family Office LLC grew its stake in shares of Royce Small-Cap Trust by 2.1% in the 1st quarter. PMG Family Office LLC now owns 32,513 shares of the financial services provider’s stock worth $540,000 after purchasing an additional 662 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Royce Small-Cap Trust by 0.4% in the 1st quarter. Private Advisor Group LLC now owns 182,851 shares of the financial services provider’s stock worth $3,035,000 after purchasing an additional 703 shares in the last quarter. Waverly Advisors LLC lifted its stake in Royce Small-Cap Trust by 1.6% during the second quarter. Waverly Advisors LLC now owns 53,079 shares of the financial services provider’s stock valued at $980,000 after purchasing an additional 825 shares during the last quarter. Beacon Financial Advisory LLC lifted its stake in Royce Small-Cap Trust by 5.0% during the first quarter. Beacon Financial Advisory LLC now owns 19,022 shares of the financial services provider’s stock valued at $316,000 after purchasing an additional 898 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Royce Small-Cap Trust by 0.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 189,145 shares of the financial services provider’s stock worth $3,140,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Price Performance

Shares of NYSE:RVT traded down $0.23 on Wednesday, reaching $16.54. 156,065 shares of the company traded hands, compared to its average volume of 286,071. Royce Small-Cap Trust, Inc. has a fifty-two week low of $14.97 and a fifty-two week high of $19.12. The company’s 50 day moving average is $17.97 and its 200-day moving average is $18.00.

Royce Small-Cap Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Friday, September 11th were issued a dividend of $0.33 per share. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend was Friday, September 11th.

Royce Small-Cap Trust Profile

Royce Small-Cap Trust, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol RVT. The trust seeks long-term capital appreciation by investing primarily in equity securities of small-capitalization companies.

The trust’s portfolio generally includes common stocks of U.S. companies across a range of industries. Its investment approach emphasizes fundamental research and the selection of smaller businesses that Royce Investment Partners, the trust’s investment adviser, believes offer attractive long-term growth potential and strong business characteristics.

Founded in 1986, Royce Small-Cap Trust is managed as part of Royce Investment Partners’ small-cap investment platform.