Royce Micro-Cap Trust (NYSE:RMT) Shares Pass Above 50-Day Moving Average – Should You Sell?

Royce Micro-Cap Trust, Inc. (NYSE:RMT)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.92 and traded as high as $9.93. Royce Micro-Cap Trust shares last traded at $9.90, with a volume of 66,857 shares changing hands.

Royce Micro-Cap Trust Stock Performance

The firm has a 50-day moving average price of $9.92 and a two-hundred day moving average price of $9.64.

Royce Micro-Cap Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 12th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.84 dividend on an annualized basis and a yield of 8.48%.

Hedge Funds Weigh In On Royce Micro-Cap Trust

Institutional investors have recently modified their holdings of the stock. Moors & Cabot Inc. boosted its position in Royce Micro-Cap Trust by 2.0% during the second quarter. Moors & Cabot Inc. now owns 107,199 shares of the financial services provider’s stock valued at $985,000 after purchasing an additional 2,064 shares in the last quarter. Walleye Capital LLC grew its position in shares of Royce Micro-Cap Trust by 6.9% in the 3rd quarter. Walleye Capital LLC now owns 42,151 shares of the financial services provider’s stock worth $405,000 after buying an additional 2,713 shares during the last quarter. EP Wealth Advisors LLC raised its stake in shares of Royce Micro-Cap Trust by 5.6% during the 3rd quarter. EP Wealth Advisors LLC now owns 58,294 shares of the financial services provider’s stock worth $560,000 after acquiring an additional 3,109 shares in the last quarter. Hara Capital LLC raised its stake in shares of Royce Micro-Cap Trust by 12.7% during the 3rd quarter. Hara Capital LLC now owns 42,560 shares of the financial services provider’s stock worth $409,000 after acquiring an additional 4,800 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in Royce Micro-Cap Trust by 5.0% during the third quarter. Captrust Financial Advisors now owns 106,063 shares of the financial services provider’s stock valued at $1,019,000 after acquiring an additional 5,071 shares during the last quarter. 34.98% of the stock is owned by hedge funds and other institutional investors.

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.