Royce Micro-Cap Trust, Inc. (NYSE:RMT) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC cut its holdings in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 4.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,188 shares of the financial services provider’s stock after selling 4,389 shares during the period. Private Advisor Group LLC owned approximately 0.18% of Royce Micro-Cap Trust worth $805,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RMT. Alexander Randolph Advisory Inc. acquired a new stake in Royce Micro-Cap Trust during the fourth quarter valued at approximately $9,160,000. Allspring Global Investments Holdings LLC lifted its position in shares of Royce Micro-Cap Trust by 24.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,463,810 shares of the financial services provider’s stock valued at $13,526,000 after acquiring an additional 286,476 shares in the last quarter. Sapient Capital LLC purchased a new stake in shares of Royce Micro-Cap Trust in the 4th quarter valued at approximately $792,000. UBS Group AG lifted its position in shares of Royce Micro-Cap Trust by 5.9% in the 4th quarter. UBS Group AG now owns 971,466 shares of the financial services provider’s stock valued at $8,976,000 after acquiring an additional 54,179 shares in the last quarter. Finally, Shaker Financial Services LLC lifted 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 acquiring an additional 49,136 shares in the last quarter. 34.98% of the stock is owned by institutional investors and hedge funds.

Royce Micro-Cap Trust Stock Performance

Shares of NYSE:RMT opened at $9.55 on Friday. Royce Micro-Cap Trust, Inc. has a 52 week low of $7.67 and a 52 week high of $9.82. The firm has a 50 day simple moving average of $9.42 and a 200 day simple moving average of $9.21.

Royce Micro-Cap Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Thursday, June 13th were given a $0.18 dividend. This is an increase 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 dividend on an annualized basis and a yield of 7.54%.

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.