Advisors Asset Management Inc. Trims Stock Position in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Advisors Asset Management Inc. trimmed its holdings in Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 23.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 501,102 shares of the financial services provider’s stock after selling 153,993 shares during the period. Advisors Asset Management Inc. owned approximately 0.99% of Royce Micro-Cap Trust worth $4,886,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC acquired a new position in shares of Royce Micro-Cap Trust in the 3rd quarter valued at $102,000. XTX Topco Ltd acquired a new position in Royce Micro-Cap Trust in the third quarter valued at about $104,000. Stephens Inc. AR purchased a new position in Royce Micro-Cap Trust during the fourth quarter worth about $124,000. Revolve Wealth Partners LLC acquired a new stake in shares of Royce Micro-Cap Trust during the fourth quarter valued at about $148,000. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Royce Micro-Cap Trust by 107.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 20,843 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 10,812 shares during the last quarter. 34.98% of the stock is currently owned by hedge funds and other institutional investors.

Royce Micro-Cap Trust Stock Performance

Shares of RMT stock opened at $8.70 on Thursday. The firm’s 50 day moving average price is $9.58 and its 200-day moving average price is $9.69. Royce Micro-Cap Trust, Inc. has a one year low of $8.35 and a one year high of $10.43.

Royce Micro-Cap Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 8.74%. The ex-dividend date is Thursday, March 13th.

Insider Transactions at Royce Micro-Cap Trust

In related news, insider Charles M. Royce sold 50,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $9.97, for a total transaction of $498,500.00. Following the transaction, the insider now owns 1,070,942 shares of the company’s stock, valued at approximately $10,677,291.74. This represents a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 150,000 shares of company stock worth $1,489,500 over the last ninety days. Company insiders own 0.18% of the company’s stock.

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.