Fifth Third Bancorp Purchases Shares of 71,231 Royce Small-Cap Trust, Inc. $RVT

Fifth Third Bancorp purchased a new position in Royce Small-Cap Trust, Inc. (NYSE:RVT) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 71,231 shares of the financial services provider’s stock, valued at approximately $1,182,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of America Corp DE increased its stake in Royce Small-Cap Trust by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 6,293,535 shares of the financial services provider’s stock worth $94,718,000 after acquiring an additional 54,485 shares during the last quarter. Morgan Stanley grew its holdings in shares of Royce Small-Cap Trust by 9.1% in the fourth quarter. Morgan Stanley now owns 6,252,497 shares of the financial services provider’s stock valued at $100,665,000 after purchasing an additional 519,959 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Royce Small-Cap Trust by 6.7% in 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 purchasing an additional 198,905 shares in the last quarter. LPL Financial LLC increased its position in Royce Small-Cap Trust by 9.4% in the fourth quarter. LPL Financial LLC now owns 2,257,033 shares of the financial services provider’s stock worth $36,338,000 after purchasing an additional 194,412 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Royce Small-Cap Trust by 1.7% in the fourth quarter. Royal Bank of Canada now owns 1,611,687 shares of the financial services provider’s stock worth $25,949,000 after purchasing an additional 26,655 shares during the last quarter. Institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Stock Up 0.4%

Royce Small-Cap Trust stock opened at $18.05 on Friday. Royce Small-Cap Trust, Inc. has a 52-week low of $14.78 and a 52-week high of $18.88. The firm’s fifty day moving average is $18.11 and its 200 day moving average is $17.78.

Royce Small-Cap Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 11th were issued a $0.31 dividend. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, June 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.9%.

About Royce Small-Cap Trust

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.