Royce Micro-Cap Trust, Inc. (NYSE:RMT) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. reduced its stake in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 1.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 105,376 shares of the financial services provider’s stock after selling 1,823 shares during the period. Moors & Cabot Inc. owned approximately 0.21% of Royce Micro-Cap Trust worth $1,013,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Wolverine Asset Management LLC grew its position in shares of Royce Micro-Cap Trust by 46.2% during 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 acquiring an additional 59,299 shares during the period. Heritage Wealth Management Inc. acquired a new position in shares of Royce Micro-Cap Trust during the 3rd quarter worth approximately $185,000. Hara Capital LLC raised its stake in shares of Royce Micro-Cap Trust by 12.7% during the 3rd quarter. Hara Capital LLC now owns 42,560 shares of the financial services provider’s stock worth $409,000 after buying an additional 4,800 shares during the period. Shaker Financial Services LLC increased its holdings in Royce Micro-Cap Trust by 7.8% in the 3rd quarter. Shaker Financial Services LLC now owns 619,270 shares of the financial services provider’s stock worth $5,951,000 after acquiring an additional 44,980 shares in the last quarter. Finally, Alpha Financial Partners LLC acquired a new position in Royce Micro-Cap Trust during the third quarter worth $101,000. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Royce Micro-Cap Trust Stock Up 1.9 %

Shares of Royce Micro-Cap Trust stock opened at $10.03 on Friday. Royce Micro-Cap Trust, Inc. has a twelve month low of $8.34 and a twelve month high of $10.39. The firm’s 50-day moving average price is $9.64 and its 200 day moving average price is $9.54.

Royce Micro-Cap Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 7.18%. The ex-dividend date of this dividend was Friday, September 13th.

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.