Cypress Capital Management LLC WY Has $3.06 Million Stock Holdings in Royce Small-Cap Trust, Inc. $RVT

Cypress Capital Management LLC WY grew its stake in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) by 483.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 189,871 shares of the financial services provider’s stock after acquiring an additional 157,348 shares during the quarter. Royce Small-Cap Trust comprises approximately 3.0% of Cypress Capital Management LLC WY’s portfolio, making the stock its 6th biggest position. Cypress Capital Management LLC WY owned approximately 0.16% of Royce Small-Cap Trust worth $3,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of Royce Small-Cap Trust by 0.9% during the second quarter. Bank of America Corp DE now owns 6,293,535 shares of the financial services provider’s stock valued at $94,718,000 after buying an additional 54,485 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Royce Small-Cap Trust by 6.7% during the second quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider’s stock valued at $47,776,000 after buying an additional 198,905 shares during the last quarter. Cornerstone Advisors LLC boosted its position in shares of Royce Small-Cap Trust by 476.3% during the third quarter. Cornerstone Advisors LLC now owns 685,519 shares of the financial services provider’s stock valued at $11,057,000 after buying an additional 566,576 shares during the last quarter. Waterfront Wealth Inc. boosted its position in shares of Royce Small-Cap Trust by 41.1% during the third quarter. Waterfront Wealth Inc. now owns 679,108 shares of the financial services provider’s stock valued at $10,786,000 after buying an additional 197,680 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its position in shares of Royce Small-Cap Trust by 15.8% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 652,300 shares of the financial services provider’s stock valued at $10,502,000 after buying an additional 88,928 shares during the last quarter. 25.57% of the stock is currently owned by institutional investors.

Royce Small-Cap Trust Stock Up 1.9%

Royce Small-Cap Trust stock opened at $18.66 on Wednesday. Royce Small-Cap Trust, Inc. has a one year low of $14.41 and a one year high of $18.88. The business’s fifty day moving average is $17.67 and its 200 day moving average is $17.16.

Royce Small-Cap Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Thursday, March 12th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $1.20 annualized dividend and a dividend yield of 6.4%.

Insider Activity at Royce Small-Cap Trust

In other Royce Small-Cap Trust news, President Christopher D. Clark acquired 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The shares were bought at an average cost of $16.69 per share, with a total value of $75,105.00. Following the completion of the transaction, the president directly owned 47,235 shares of the company’s stock, valued at approximately $788,352.15. This represents a 10.53% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is owned by company insiders.

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.