Menlo Advisors LLC Cuts Holdings in Royce Small-Cap Trust, Inc. $RVT

Menlo Advisors LLC trimmed its position in Royce Small-Cap Trust, Inc. (NYSE:RVT) by 2.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 195,242 shares of the financial services provider’s stock after selling 5,802 shares during the period. Royce Small-Cap Trust comprises 1.6% of Menlo Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Menlo Advisors LLC owned approximately 0.17% of Royce Small-Cap Trust worth $2,938,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in shares of Royce Small-Cap Trust by 52.3% in the 1st quarter. LPL Financial LLC now owns 1,919,691 shares of the financial services provider’s stock worth $27,336,000 after buying an additional 659,578 shares during the last quarter. Royal Bank of Canada increased its position in shares of Royce Small-Cap Trust by 3.1% during the first quarter. Royal Bank of Canada now owns 1,601,377 shares of the financial services provider’s stock valued at $22,803,000 after acquiring an additional 47,759 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Royce Small-Cap Trust by 38.0% during the second quarter. Janney Montgomery Scott LLC now owns 693,008 shares of the financial services provider’s stock worth $10,430,000 after acquiring an additional 190,986 shares during the period. Shaker Financial Services LLC boosted its position in Royce Small-Cap Trust by 105.7% in the second quarter. Shaker Financial Services LLC now owns 585,074 shares of the financial services provider’s stock worth $8,805,000 after purchasing an additional 300,677 shares during the last quarter. Finally, Modern Wealth Management LLC grew its stake in Royce Small-Cap Trust by 0.5% in the 1st quarter. Modern Wealth Management LLC now owns 540,330 shares of the financial services provider’s stock valued at $7,694,000 after purchasing an additional 2,471 shares during the period. Hedge funds and other institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Stock Up 0.6%

Shares of Royce Small-Cap Trust stock opened at $15.78 on Friday. Royce Small-Cap Trust, Inc. has a 1 year low of $12.12 and a 1 year high of $16.93. The stock has a fifty day moving average price of $16.12 and a 200-day moving average price of $15.41.

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 issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date was Friday, September 12th.

Royce Small-Cap Trust Profile

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.