Waterfront Wealth Inc. Has $7.25 Million Stake in Royce Small-Cap Trust, Inc. $RVT

Waterfront Wealth Inc. grew its position in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) by 9.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 481,428 shares of the financial services provider’s stock after buying an additional 39,954 shares during the quarter. Royce Small-Cap Trust makes up about 1.6% of Waterfront Wealth Inc.’s investment portfolio, making the stock its 11th largest holding. Waterfront Wealth Inc. owned approximately 0.42% of Royce Small-Cap Trust worth $7,245,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in shares of Royce Small-Cap Trust by 25.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 29,640 shares of the financial services provider’s stock valued at $446,000 after buying an additional 6,051 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Royce Small-Cap Trust by 16.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 184,744 shares of the financial services provider’s stock valued at $2,780,000 after buying an additional 26,570 shares during the last quarter. CWM LLC acquired a new stake in shares of Royce Small-Cap Trust during the 2nd quarter valued at about $25,000. Comprehensive Money Management Services LLC raised its stake in shares of Royce Small-Cap Trust by 11.3% in the 2nd quarter. Comprehensive Money Management Services LLC now owns 52,100 shares of the financial services provider’s stock valued at $784,000 after acquiring an additional 5,270 shares in the last quarter. Finally, Abel Hall LLC raised its stake in shares of Royce Small-Cap Trust by 159.1% in the 2nd quarter. Abel Hall LLC now owns 57,000 shares of the financial services provider’s stock valued at $858,000 after acquiring an additional 35,000 shares in the last quarter. 25.57% of the stock is currently owned by institutional investors and hedge funds.

Royce Small-Cap Trust Price Performance

Shares of RVT stock opened at $16.22 on Wednesday. The stock’s 50 day simple moving average is $16.13 and its 200 day simple moving average is $15.28. Royce Small-Cap Trust, Inc. has a twelve month low of $12.12 and a twelve month high of $16.93.

Royce Small-Cap Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 12th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend was Friday, September 12th.

About Royce Small-Cap Trust

Royce Value Trust Inc is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies.