Allspring Global Investments Holdings LLC Sells 444,905 Shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Allspring Global Investments Holdings LLC cut its holdings in Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 39.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 695,437 shares of the financial services provider’s stock after selling 444,905 shares during the period. Allspring Global Investments Holdings LLC owned about 1.37% of Royce Micro-Cap Trust worth $6,781,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in RMT. Alpha Financial Partners LLC purchased a new position in shares of Royce Micro-Cap Trust during the 3rd quarter worth about $101,000. HighTower Advisors LLC purchased a new stake in Royce Micro-Cap Trust in the 3rd quarter valued at about $102,000. XTX Topco Ltd purchased a new stake in Royce Micro-Cap Trust in the 3rd quarter valued at about $104,000. Stephens Inc. AR purchased a new stake in Royce Micro-Cap Trust in the 4th quarter valued at about $124,000. Finally, Revolve Wealth Partners LLC purchased a new stake in shares of Royce Micro-Cap Trust in the 4th quarter worth approximately $148,000. 34.98% of the stock is currently owned by institutional investors.

Royce Micro-Cap Trust Stock Down 0.7 %

Shares of RMT opened at $9.93 on Thursday. The company has a 50 day moving average price of $9.90 and a 200-day moving average price of $9.76. Royce Micro-Cap Trust, Inc. has a fifty-two week low of $8.59 and a fifty-two week high of $10.43.

Royce Micro-Cap Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 12th were given a $0.21 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.84 annualized dividend and a dividend yield of 8.46%.

Insider Buying and Selling

In other Royce Micro-Cap Trust news, insider Charles M. Royce sold 50,000 shares of the company’s stock in a transaction that occurred on 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 150,000 shares of company stock worth $1,489,500 in the last 90 days. 0.18% of the stock is owned by corporate insiders.

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.