23,002 Shares in Royce Micro-Cap Trust, Inc. (NYSE:RMT) Acquired by DKM Wealth Management Inc.

DKM Wealth Management Inc. acquired a new stake in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) in the fourth quarter, Holdings Channel reports. The firm acquired 23,002 shares of the financial services provider’s stock, valued at approximately $224,000.

Other hedge funds have also added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Royce Micro-Cap Trust in the 4th quarter worth about $283,000. XTX Topco Ltd bought a new position in shares of Royce Micro-Cap Trust in the third quarter worth approximately $104,000. Wolverine Asset Management LLC grew its holdings in shares of Royce Micro-Cap Trust by 88.5% during the fourth quarter. Wolverine Asset Management LLC now owns 353,905 shares of the financial services provider’s stock valued at $3,451,000 after buying an additional 166,180 shares during the last quarter. Flagship Harbor Advisors LLC increased its position in shares of Royce Micro-Cap Trust by 7.9% during the fourth quarter. Flagship Harbor Advisors LLC now owns 547,408 shares of the financial services provider’s stock valued at $5,337,000 after acquiring an additional 40,267 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its position in shares of Royce Micro-Cap Trust by 14.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 432,511 shares of the financial services provider’s stock valued at $4,217,000 after acquiring an additional 54,366 shares in the last quarter. 34.98% of the stock is owned by institutional investors.

Royce Micro-Cap Trust Stock Down 0.5 %

RMT stock opened at $8.39 on Wednesday. The stock’s 50 day simple moving average is $9.33 and its 200 day simple moving average is $9.64. Royce Micro-Cap Trust, Inc. has a 12-month low of $8.24 and a 12-month high of $10.43.

Royce Micro-Cap Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.06%. The ex-dividend date of this dividend was Thursday, March 13th.

Insider Activity 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 Friday, January 31st. The shares were sold at an average price of $9.94, for a total transaction of $497,000.00. Following the transaction, the insider now owns 1,120,942 shares in the company, valued at approximately $11,142,163.48. This represents a 4.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 150,000 shares of company stock valued at $1,489,500 over the last ninety days. Insiders own 0.18% of the company’s stock.

Royce Micro-Cap Trust Company 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.