Royce Micro-Cap Trust (NYSE:RMT) Sets New 52-Week High – What’s Next?

Royce Micro-Cap Trust, Inc. (NYSE:RMT) shares reached a new 52-week high during trading on Monday . The company traded as high as $10.40 and last traded at $10.40, with a volume of 148675 shares traded. The stock had previously closed at $10.32.

Royce Micro-Cap Trust Stock Performance

The firm’s 50 day moving average is $9.75 and its two-hundred day moving average is $9.58.

Royce Micro-Cap Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 13th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date of this dividend was Friday, September 13th.

Institutional Trading of Royce Micro-Cap Trust

Several large investors have recently made changes to their positions in the company. Alpha Financial Partners LLC bought a new position in Royce Micro-Cap Trust during the third quarter worth $101,000. HighTower Advisors LLC bought a new position in shares of Royce Micro-Cap Trust in the third quarter valued at approximately $102,000. XTX Topco Ltd purchased a new stake in shares of Royce Micro-Cap Trust during the 3rd quarter valued at $104,000. Heritage Wealth Management Inc. bought a new stake in shares of Royce Micro-Cap Trust in the 3rd quarter worth approximately $185,000. Finally, International Assets Investment Management LLC boosted its position in Royce Micro-Cap Trust by 879.2% during the third quarter. International Assets Investment Management LLC now owns 25,527 shares of the financial services provider’s stock worth $2,656,000 after purchasing an additional 22,920 shares during the period. Institutional investors and hedge funds own 34.98% of the company’s stock.

Royce Micro-Cap Trust Company 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.