Royce Micro-Cap Trust, Inc. (NYSE:RMT) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its stake in Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 4.7% in the fourth quarter, HoldingsChannel reports. The fund owned 150,437 shares of the financial services provider’s stock after purchasing an additional 6,763 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Royce Micro-Cap Trust were worth $1,467,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. HighTower Advisors LLC bought a new stake in Royce Micro-Cap Trust during the third quarter worth approximately $102,000. XTX Topco Ltd bought a new stake in shares of Royce Micro-Cap Trust in the 3rd quarter worth $104,000. Stephens Inc. AR acquired a new stake in shares of Royce Micro-Cap Trust in the fourth quarter valued at $124,000. Revolve Wealth Partners LLC bought a new position in Royce Micro-Cap Trust during the fourth quarter valued at about $148,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in Royce Micro-Cap Trust by 107.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 20,843 shares of the financial services provider’s stock valued at $203,000 after buying an additional 10,812 shares in the last quarter. 34.98% of the stock is currently owned by institutional investors.

Royce Micro-Cap Trust Trading Down 1.9 %

Shares of Royce Micro-Cap Trust stock opened at $8.45 on Friday. Royce Micro-Cap Trust, Inc. has a 52 week low of $8.35 and a 52 week high of $10.43. The company’s 50-day moving average price is $9.40 and its two-hundred day moving average price is $9.65.

Royce Micro-Cap Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 13th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 8.99%. The ex-dividend date of this dividend was Thursday, March 13th.

Insider Buying and Selling

In other news, insider Charles M. Royce sold 50,000 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $9.88, for a total transaction of $494,000.00. Following the completion of the sale, the insider now directly owns 1,270,942 shares of the company’s stock, valued at $12,556,906.96. This represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 150,000 shares of company stock worth $1,489,500. Corporate insiders own 0.18% 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.