Waterfront Wealth Inc. Buys 197,680 Shares of Royce Small-Cap Trust, Inc. $RVT

Waterfront Wealth Inc. boosted its stake in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) by 41.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 679,108 shares of the financial services provider’s stock after buying an additional 197,680 shares during the period. Royce Small-Cap Trust accounts for 2.2% of Waterfront Wealth Inc.’s investment portfolio, making the stock its 5th largest position. Waterfront Wealth Inc.’s holdings in Royce Small-Cap Trust were worth $10,786,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in RVT. Whitener Capital Management Inc. grew its position in Royce Small-Cap Trust by 1.6% in the third quarter. Whitener Capital Management Inc. now owns 48,512 shares of the financial services provider’s stock worth $782,000 after acquiring an additional 754 shares during the period. Stolper Co lifted its position in shares of Royce Small-Cap Trust by 1.7% during the third quarter. Stolper Co now owns 51,379 shares of the financial services provider’s stock worth $829,000 after purchasing an additional 848 shares in the last quarter. NWF Advisory Services Inc. lifted its holdings in Royce Small-Cap Trust by 2.1% during the 3rd quarter. NWF Advisory Services Inc. now owns 56,052 shares of the financial services provider’s stock worth $904,000 after buying an additional 1,149 shares in the last quarter. RB Capital Management LLC boosted its holdings in Royce Small-Cap Trust by 0.7% in the third quarter. RB Capital Management LLC now owns 165,823 shares of the financial services provider’s stock valued at $2,675,000 after purchasing an additional 1,198 shares during the period. Finally, Beacon Financial Advisory LLC boosted its stake in shares of Royce Small-Cap Trust by 7.9% in the 3rd quarter. Beacon Financial Advisory LLC now owns 17,370 shares of the financial services provider’s stock valued at $280,000 after buying an additional 1,275 shares during the period. Hedge funds and other institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Trading Up 3.1%

NYSE RVT opened at $17.86 on Monday. The firm has a 50 day moving average of $16.73 and a two-hundred day moving average of $16.18. Royce Small-Cap Trust, Inc. has a 52 week low of $12.12 and a 52 week high of $17.88.

Royce Small-Cap Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Thursday, December 11th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date was Thursday, December 11th. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.29.

Royce Small-Cap Trust 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.