10,644 Shares in Royce Micro-Cap Trust, Inc. (NYSE:RMT) Purchased by HighTower Advisors LLC

HighTower Advisors LLC bought a new stake in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,644 shares of the financial services provider’s stock, valued at approximately $102,000.

Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Royce Micro-Cap Trust by 1.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,140,342 shares of the financial services provider’s stock valued at $10,959,000 after acquiring an additional 19,049 shares during the period. Wolverine Asset Management LLC increased its holdings in shares of Royce Micro-Cap Trust by 46.2% in the third quarter. Wolverine Asset Management LLC now owns 187,725 shares of the financial services provider’s stock worth $1,804,000 after purchasing an additional 59,299 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Royce Micro-Cap Trust in the second quarter worth $1,104,000. Moors & Cabot Inc. boosted its stake in Royce Micro-Cap Trust by 2.0% during the second quarter. Moors & Cabot Inc. now owns 107,199 shares of the financial services provider’s stock valued at $985,000 after buying an additional 2,064 shares during the period. Finally, Blue Bell Private Wealth Management LLC grew its position in Royce Micro-Cap Trust by 39.3% during the second quarter. Blue Bell Private Wealth Management LLC now owns 318,672 shares of the financial services provider’s stock worth $2,929,000 after buying an additional 89,882 shares in the last quarter. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Royce Micro-Cap Trust Stock Performance

Shares of NYSE RMT opened at $9.82 on Friday. The stock’s 50-day simple moving average is $9.90 and its two-hundred day simple moving average is $9.63. Royce Micro-Cap Trust, Inc. has a twelve month low of $8.59 and a twelve month high of $10.43.

Royce Micro-Cap Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 12th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date was Thursday, December 12th.

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.