Raymond James Financial Inc. Invests $3.47 Million in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Raymond James Financial Inc. acquired a new stake in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 355,771 shares of the financial services provider's stock, valued at approximately $3,469,000. Raymond James Financial Inc. owned about 0.70% of Royce Micro-Cap Trust at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of RMT. HighTower Advisors LLC purchased a new position in Royce Micro-Cap Trust in the 3rd 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 purchased a new position in shares of Royce Micro-Cap Trust in the fourth quarter worth $124,000. Revolve Wealth Partners LLC bought a new position in shares of Royce Micro-Cap Trust during the fourth quarter valued at $148,000. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of 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 during the last quarter. 34.98% of the stock is owned by hedge funds and other institutional investors.

Royce Micro-Cap Trust Price Performance

NYSE:RMT traded down $0.06 during mid-day trading on Monday, reaching $8.41. The company's stock had a trading volume of 193,872 shares, compared to its average volume of 104,377. The firm's fifty day moving average price is $9.37 and its two-hundred day moving average price is $9.65. Royce Micro-Cap Trust, Inc. has a 12-month low of $8.26 and a 12-month high of $10.43.

Royce Micro-Cap Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 13th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 9.04%. The ex-dividend date of this dividend 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 the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $9.97, for a total value of $498,500.00. Following the completion of the sale, the insider now owns 1,070,942 shares in the company, valued at $10,677,291.74. This represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 150,000 shares of company stock valued at $1,489,500. 0.18% of the stock is owned by company insiders.

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.