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

Advisors Asset Management Inc. lowered its stake in Royce Micro-Cap Trust, Inc. (NYSE:RMT - Free Report) by 18.3% during the third quarter, according to the company in its most recent disclosure with the Securities and 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. owned approximately 1.29% of Royce Micro-Cap Trust worth $6,295,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RMT. Wolverine Asset Management LLC grew its position in Royce Micro-Cap Trust by 46.2% in the 3rd quarter. Wolverine Asset Management LLC now owns 187,725 shares of the financial services provider's stock valued at $1,804,000 after buying an additional 59,299 shares during the last quarter. Heritage Wealth Management Inc. acquired a new position in shares of Royce Micro-Cap Trust during the third quarter worth about $185,000. Hara Capital LLC raised its holdings in 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 worth $409,000 after purchasing an additional 4,800 shares in the last quarter. Shaker Financial Services LLC lifted its holdings in shares of Royce Micro-Cap Trust by 7.8% in the 3rd quarter. Shaker Financial Services LLC now owns 619,270 shares of the financial services provider's stock valued at $5,951,000 after buying an additional 44,980 shares during the period. Finally, Alpha Financial Partners LLC acquired a new position in Royce Micro-Cap Trust during the third quarter worth $101,000. Hedge funds and other institutional investors own 34.98% of the company's stock.

Royce Micro-Cap Trust Price Performance

Royce Micro-Cap Trust stock traded up $0.15 during midday trading on Friday, reaching $10.18. The company's stock had a trading volume of 136,996 shares, compared to its average volume of 98,702. The stock's 50 day simple moving average is $9.66 and its 200 day simple moving average is $9.55. Royce Micro-Cap Trust, Inc. has a fifty-two week low of $8.37 and a fifty-two week high of $10.39.

Royce Micro-Cap Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, September 13th. This represents a $0.72 annualized dividend and a dividend yield of 7.07%.

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.