Jaffetilchin Investment Partners LLC Boosts Stake in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Jaffetilchin Investment Partners LLC raised its holdings in Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 127.2% in the 1st quarter, HoldingsChannel reports. The fund owned 26,471 shares of the financial services provider’s stock after acquiring an additional 14,820 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Royce Micro-Cap Trust were worth $250,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of RMT. Alexander Randolph Advisory Inc. acquired a new position in Royce Micro-Cap Trust in the 4th quarter valued at $9,160,000. Allspring Global Investments Holdings LLC raised its holdings in Royce Micro-Cap Trust by 24.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,463,810 shares of the financial services provider’s stock valued at $13,526,000 after acquiring an additional 286,476 shares during the last quarter. Sapient Capital LLC acquired a new position in Royce Micro-Cap Trust in the 4th quarter valued at $792,000. Diversify Advisory Services LLC acquired a new position in Royce Micro-Cap Trust in the 1st quarter valued at $664,000. Finally, UBS Group AG raised its holdings in Royce Micro-Cap Trust by 5.9% in the 4th quarter. UBS Group AG now owns 971,466 shares of the financial services provider’s stock valued at $8,976,000 after acquiring an additional 54,179 shares during the last quarter. 34.98% of the stock is currently owned by institutional investors and hedge funds.

Royce Micro-Cap Trust Trading Down 4.3 %

RMT traded down $0.42 during trading on Friday, hitting $9.27. The company’s stock had a trading volume of 57,882 shares, compared to its average volume of 102,417. The firm’s 50 day moving average price is $9.51 and its 200-day moving average price is $9.29. Royce Micro-Cap Trust, Inc. has a twelve month low of $7.67 and a twelve month high of $10.11.

Royce Micro-Cap Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Thursday, June 13th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.77%. This is an increase from Royce Micro-Cap Trust’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, June 13th.

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.