Royce Micro-Cap Trust (NYSE:RMT) Stock Crosses Below 200 Day Moving Average of $9.20

Royce Micro-Cap Trust, Inc. (NYSE:RMT)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.20 and traded as low as $9.20. Royce Micro-Cap Trust shares last traded at $9.26, with a volume of 62,557 shares.

Royce Micro-Cap Trust Stock Performance

The stock’s 50 day moving average is $9.37 and its two-hundred day moving average is $9.20.

Royce Micro-Cap Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Thursday, June 13th were given a dividend of $0.18 per share. This is a boost from Royce Micro-Cap Trust’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, June 13th. This represents a $0.72 annualized dividend and a dividend yield of 7.78%.

Hedge Funds Weigh In On Royce Micro-Cap Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its stake in Royce Micro-Cap Trust by 24.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,463,810 shares of the financial services provider’s stock worth $13,526,000 after acquiring an additional 286,476 shares during the last quarter. Alexander Randolph Advisory Inc. bought a new position in shares of Royce Micro-Cap Trust during the fourth quarter worth $9,160,000. UBS Group AG boosted its position in shares of Royce Micro-Cap Trust by 5.9% during the fourth quarter. UBS Group AG now owns 971,466 shares of the financial services provider’s stock worth $8,976,000 after purchasing an additional 54,179 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Royce Micro-Cap Trust by 7.2% in the 4th quarter. Raymond James & Associates now owns 319,549 shares of the financial services provider’s stock valued at $2,953,000 after buying an additional 21,426 shares during the period. Finally, Shaker Financial Services LLC increased its position in shares of Royce Micro-Cap Trust by 18.8% in the 4th quarter. Shaker Financial Services LLC now owns 310,633 shares of the financial services provider’s stock valued at $2,870,000 after buying an additional 49,136 shares in the last quarter. Institutional investors own 34.98% of the company’s stock.

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.