Commonwealth Equity Services LLC Cuts Position in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Commonwealth Equity Services LLC lowered its position in Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,679 shares of the financial services provider’s stock after selling 1,371 shares during the quarter. Commonwealth Equity Services LLC owned 0.29% of Royce Micro-Cap Trust worth $1,311,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. UBS Group AG increased its position in shares of Royce Micro-Cap Trust by 5.9% in the fourth quarter. UBS Group AG now owns 971,466 shares of the financial services provider’s stock valued at $8,976,000 after buying an additional 54,179 shares in the last quarter. Cetera Advisors LLC acquired a new stake in Royce Micro-Cap Trust in the 1st quarter worth about $2,593,000. Family Firm Inc. lifted its stake in shares of Royce Micro-Cap Trust by 4.1% in the 2nd quarter. Family Firm Inc. now owns 262,532 shares of the financial services provider’s stock valued at $2,413,000 after purchasing an additional 10,439 shares in the last quarter. Sapient Capital LLC lifted its stake in shares of Royce Micro-Cap Trust by 9.2% in the 2nd quarter. Sapient Capital LLC now owns 95,295 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 8,003 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in shares of Royce Micro-Cap Trust in the 1st quarter valued at about $664,000. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Royce Micro-Cap Trust Stock Up 0.1 %

NYSE RMT opened at $9.38 on Monday. Royce Micro-Cap Trust, Inc. has a 1-year low of $7.67 and a 1-year high of $10.11. The business’s 50-day simple moving average is $9.55 and its 200-day simple moving average is $9.36.

Royce Micro-Cap Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, September 13th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 7.68%. The ex-dividend date of this dividend is Friday, September 13th.

Insider Activity

In related news, President Christopher D. Clark purchased 5,400 shares of Royce Micro-Cap Trust stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average cost of $9.56 per share, with a total value of $51,624.00. Following the transaction, the president now owns 53,040 shares of the company’s stock, valued at approximately $507,062.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.18% 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.