Hennion & Walsh Asset Management Inc. Invests $283,000 in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Hennion & Walsh Asset Management Inc. acquired a new stake in Royce Micro-Cap Trust, Inc. (NYSE:RMT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 29,010 shares of the financial services provider’s stock, valued at approximately $283,000. Hennion & Walsh Asset Management Inc. owned approximately 0.06% of Royce Micro-Cap Trust at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RMT. XTX Topco Ltd acquired a new position in Royce Micro-Cap Trust during the third quarter valued at approximately $104,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Royce Micro-Cap Trust by 1.7% during the 3rd 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 in the last quarter. HighTower Advisors LLC purchased a new stake in Royce Micro-Cap Trust during the 3rd quarter worth $102,000. Wolverine Asset Management LLC increased its holdings in Royce Micro-Cap Trust by 46.2% in the 3rd quarter. Wolverine Asset Management LLC now owns 187,725 shares of the financial services provider’s stock valued at $1,804,000 after purchasing an additional 59,299 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Royce Micro-Cap Trust in the 2nd quarter valued at $1,104,000. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Royce Micro-Cap Trust Stock Performance

Shares of RMT opened at $10.20 on Wednesday. Royce Micro-Cap Trust, Inc. has a 12 month low of $8.59 and a 12 month high of $10.43. The stock’s 50-day moving average is $9.96 and its two-hundred day moving average is $9.71.

Royce Micro-Cap Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 12th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 8.24%. 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.