Advisors Asset Management Inc. Sells 153,993 Shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Advisors Asset Management Inc. decreased its holdings in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT - Free Report) by 23.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 501,102 shares of the financial services provider's stock after selling 153,993 shares during the period. Advisors Asset Management Inc. owned 0.99% of Royce Micro-Cap Trust worth $4,886,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its stake in Royce Micro-Cap Trust by 4.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 150,437 shares of the financial services provider's stock valued at $1,467,000 after buying an additional 6,763 shares during the period. HighTower Advisors LLC boosted its stake in Royce Micro-Cap Trust by 272.6% during the 4th quarter. HighTower Advisors LLC now owns 39,663 shares of the financial services provider's stock valued at $387,000 after purchasing an additional 29,019 shares during the last quarter. Moors & Cabot Inc. increased its holdings in Royce Micro-Cap Trust by 6.7% during the 4th quarter. Moors & Cabot Inc. now owns 112,421 shares of the financial services provider's stock worth $1,096,000 after purchasing an additional 7,045 shares in the last quarter. Roberts Glore & Co. Inc. IL raised its stake in shares of Royce Micro-Cap Trust by 1.7% in the fourth quarter. Roberts Glore & Co. Inc. IL now owns 88,752 shares of the financial services provider's stock worth $865,000 after purchasing an additional 1,498 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its stake in shares of Royce Micro-Cap Trust by 14.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 432,511 shares of the financial services provider's stock worth $4,217,000 after purchasing an additional 54,366 shares during the last quarter. Institutional investors own 34.98% of the company's stock.

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Insider Activity

In other Royce Micro-Cap Trust news, insider Charles M. Royce sold 50,000 shares of the company's stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $9.88, for a total value 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 approximately $12,556,906.96. This represents a 3.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 150,000 shares of company stock worth $1,489,500 over the last quarter. Insiders own 0.18% of the company's stock.

Royce Micro-Cap Trust Stock Up 1.8 %

Shares of NYSE:RMT traded up $0.16 during mid-day trading on Monday, hitting $8.71. 135,589 shares of the company traded hands, compared to its average volume of 104,138. The stock has a 50-day moving average price of $9.53 and a two-hundred day moving average price of $9.67. Royce Micro-Cap Trust, Inc. has a 12-month low of $8.35 and a 12-month high of $10.43.

Royce Micro-Cap Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th will be paid a $0.19 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.76 annualized dividend and a dividend yield of 8.73%.

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.