Royce Micro-Cap Trust, Inc. (NYSE:RMT - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.49 and traded as high as $9.57. Royce Micro-Cap Trust shares last traded at $9.51, with a volume of 94,702 shares trading hands.
Royce Micro-Cap Trust Stock Up 0.7 %
The firm's fifty day moving average price is $9.49 and its 200 day moving average price is $9.40.
Royce Micro-Cap Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 7.52%. The ex-dividend date of this dividend was Friday, September 13th.
Insider Buying and Selling at Royce Micro-Cap Trust
In related news, President Christopher D. Clark bought 5,400 shares of the stock in a transaction dated Friday, August 16th. The shares were purchased at an average price of $9.56 per share, for a total transaction of $51,624.00. Following the completion of the purchase, the president now directly owns 53,040 shares of the company's stock, valued at $507,062.40. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.18% of the company's stock.
Hedge Funds Weigh In On Royce Micro-Cap Trust
Several large investors have recently made changes to their positions in RMT. Cetera Advisors LLC acquired a new stake in Royce Micro-Cap Trust during the first quarter valued at $2,593,000. Sanctuary Advisors LLC acquired a new stake in shares of Royce Micro-Cap Trust during the 2nd quarter valued at about $1,104,000. Wolverine Asset Management LLC increased its stake in shares of Royce Micro-Cap Trust by 579.1% in the 2nd quarter. Wolverine Asset Management LLC now owns 128,426 shares of the financial services provider's stock valued at $1,180,000 after purchasing an additional 109,516 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in Royce Micro-Cap Trust by 39.3% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 318,672 shares of the financial services provider's stock worth $2,929,000 after purchasing an additional 89,882 shares during the period. Finally, Shaker Financial Services LLC boosted its position in Royce Micro-Cap Trust by 17.5% during the second quarter. Shaker Financial Services LLC now owns 574,290 shares of the financial services provider's stock worth $5,278,000 after purchasing an additional 85,571 shares in the last quarter. 34.98% of the stock is currently owned by institutional investors and hedge funds.
Royce Micro-Cap Trust Company Profile
(
Get Free Report)
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.
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