Royce Micro-Cap Trust, Inc. (NYSE:RMT) Stake Trimmed by Advisors Asset Management Inc.

Advisors Asset Management Inc. lessened its holdings in Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 18.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 655,095 shares of the financial services provider’s stock after selling 146,536 shares during the period. Advisors Asset Management Inc.’s holdings in Royce Micro-Cap Trust were worth $6,295,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in RMT. Moors & Cabot Inc. boosted its holdings in Royce Micro-Cap Trust by 2.0% in the second quarter. Moors & Cabot Inc. now owns 107,199 shares of the financial services provider’s stock worth $985,000 after purchasing an additional 2,064 shares in the last quarter. Hara Capital LLC lifted its holdings in shares of Royce Micro-Cap Trust by 12.7% during the third quarter. Hara Capital LLC now owns 42,560 shares of the financial services provider’s stock valued at $409,000 after acquiring an additional 4,800 shares during the period. Sapient Capital LLC increased its holdings in Royce Micro-Cap Trust by 9.2% during the 2nd quarter. Sapient Capital LLC now owns 95,295 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 8,003 shares in the last quarter. Family Firm Inc. raised its stake in shares of Royce Micro-Cap Trust by 4.1% in the second quarter. Family Firm Inc. now owns 262,532 shares of the financial services provider’s stock worth $2,413,000 after acquiring an additional 10,439 shares during the last quarter. Finally, Alpha Financial Partners LLC bought a new position in Royce Micro-Cap Trust in the third quarter valued at about $101,000. Institutional investors and hedge funds own 34.98% of the company’s stock.

Royce Micro-Cap Trust Stock Up 1.9 %

Shares of Royce Micro-Cap Trust stock opened at $10.03 on Friday. The business has a fifty day simple moving average of $9.64 and a 200 day simple moving average of $9.54. Royce Micro-Cap Trust, Inc. has a 12 month low of $8.34 and a 12 month high of $10.39.

Royce Micro-Cap Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were given a $0.18 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.72 annualized dividend and a yield of 7.18%.

Royce Micro-Cap Trust Profile

Royce Micro-Cap Trust, Inc is a closed-ended equity mutual fund launched and managed Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies with market capitalization of less than $500 million.