LPL Financial LLC Purchases 275,117 Shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT)

LPL Financial LLC raised its stake in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT - Free Report) by 86.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 592,578 shares of the financial services provider's stock after buying an additional 275,117 shares during the quarter. LPL Financial LLC owned about 1.17% of Royce Micro-Cap Trust worth $5,778,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of RMT. Flagship Harbor Advisors LLC grew its stake in Royce Micro-Cap Trust by 7.9% during the fourth quarter. Flagship Harbor Advisors LLC now owns 547,408 shares of the financial services provider's stock valued at $5,337,000 after acquiring an additional 40,267 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its position in shares of Royce Micro-Cap Trust by 14.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 432,511 shares of the financial services provider's stock valued at $4,217,000 after purchasing an additional 54,366 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Royce Micro-Cap Trust in the fourth quarter worth $3,469,000. Wolverine Asset Management LLC increased its holdings in shares of Royce Micro-Cap Trust by 88.5% in the fourth quarter. Wolverine Asset Management LLC now owns 353,905 shares of the financial services provider's stock worth $3,451,000 after purchasing an additional 166,180 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in shares of 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 worth $1,467,000 after buying an additional 6,763 shares in the last quarter. 34.98% of the stock is currently owned by institutional investors.

Royce Micro-Cap Trust Price Performance

NYSE RMT traded up $0.06 during trading on Friday, reaching $7.83. The company's stock had a trading volume of 105,205 shares, compared to its average volume of 107,665. The firm has a fifty day moving average of $8.89 and a 200 day moving average of $9.52. Royce Micro-Cap Trust, Inc. has a one year low of $7.25 and a one year high of $10.43.

Royce Micro-Cap Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 13th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 9.71%. The ex-dividend date was Thursday, March 13th.

Insider Buying and Selling at Royce Micro-Cap Trust

In other Royce Micro-Cap Trust news, insider Charles M. Royce sold 50,000 shares of Royce Micro-Cap Trust stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $9.88, for a total transaction of $494,000.00. Following the transaction, the insider now directly owns 1,270,942 shares of the company's stock, valued at approximately $12,556,906.96. This trade represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 150,000 shares of company stock worth $1,489,500 over the last three months. 0.18% of the stock is owned by insiders.

About Royce Micro-Cap Trust

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.