Royce Micro-Cap Trust, Inc. (NYSE:RMT) Position Raised by Shaker Financial Services LLC

Shaker Financial Services LLC raised its holdings in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 734,786 shares of the financial services provider's stock after purchasing an additional 115,516 shares during the period. Royce Micro-Cap Trust accounts for approximately 2.7% of Shaker Financial Services LLC's investment portfolio, making the stock its 3rd biggest holding. Shaker Financial Services LLC owned about 1.45% of Royce Micro-Cap Trust worth $7,164,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC acquired a new position in Royce Micro-Cap Trust during the 3rd quarter valued at approximately $102,000. XTX Topco Ltd acquired a new position in shares of Royce Micro-Cap Trust in the 3rd quarter valued at $104,000. Hennion & Walsh Asset Management Inc. purchased a new position in Royce Micro-Cap Trust in the 4th quarter worth $283,000. Flagship Harbor Advisors LLC lifted its position in Royce Micro-Cap Trust by 7.9% during the 4th quarter. Flagship Harbor Advisors LLC now owns 547,408 shares of the financial services provider's stock worth $5,337,000 after acquiring an additional 40,267 shares during the period. Finally, Revolve Wealth Partners LLC purchased a new stake in Royce Micro-Cap Trust during the 4th quarter valued at about $148,000. Hedge funds and other institutional investors own 34.98% of the company's stock.

Insider Buying and Selling at Royce Micro-Cap Trust

In related news, insider Charles M. Royce sold 9,160 shares of the firm's stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $7.87, for a total transaction of $72,089.20. Following the completion of the transaction, the insider now owns 961,782 shares of the company's stock, valued at $7,569,224.34. This trade represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 159,160 shares of company stock worth $1,561,589. Company insiders own 0.18% of the company's stock.

Royce Micro-Cap Trust Trading Up 0.4 %

Shares of NYSE:RMT traded up $0.04 during trading on Friday, hitting $8.23. The stock had a trading volume of 100,800 shares, compared to its average volume of 143,376. Royce Micro-Cap Trust, Inc. has a 12-month low of $7.25 and a 12-month high of $10.43. The stock has a 50-day simple moving average of $8.50 and a two-hundred day simple moving average of $9.41.

Royce Micro-Cap Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders 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 9.24%. The ex-dividend date was Thursday, March 13th.

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.