DKM Wealth Management Inc. Invests $224,000 in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

DKM Wealth Management Inc. purchased a new stake in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 23,002 shares of the financial services provider’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Walleye Capital LLC grew its position in shares of Royce Micro-Cap Trust by 6.9% in the 3rd quarter. Walleye Capital LLC now owns 42,151 shares of the financial services provider’s stock worth $405,000 after buying an additional 2,713 shares during the last quarter. Captrust Financial Advisors increased its position in Royce Micro-Cap Trust by 5.0% during the 3rd quarter. Captrust Financial Advisors now owns 106,063 shares of the financial services provider’s stock valued at $1,019,000 after purchasing an additional 5,071 shares during the period. HighTower Advisors LLC bought a new position in Royce Micro-Cap Trust in the 3rd quarter worth $102,000. EP Wealth Advisors LLC lifted its position in shares of Royce Micro-Cap Trust by 5.6% in the 3rd quarter. EP Wealth Advisors LLC now owns 58,294 shares of the financial services provider’s stock worth $560,000 after purchasing an additional 3,109 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Royce Micro-Cap Trust during the third quarter valued at about $104,000. Institutional investors own 34.98% of the company’s stock.

Royce Micro-Cap Trust Price Performance

RMT stock opened at $8.39 on Wednesday. The firm has a 50-day moving average of $9.33 and a 200 day moving average of $9.64. Royce Micro-Cap Trust, Inc. has a 1 year low of $8.24 and a 1 year high of $10.43.

Royce Micro-Cap Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.06%. The ex-dividend date of this dividend was Thursday, March 13th.

Insider Activity

In other Royce Micro-Cap Trust news, insider Charles M. Royce sold 50,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $9.97, for a total value of $498,500.00. Following the completion of the transaction, the insider now owns 1,070,942 shares in the company, valued at approximately $10,677,291.74. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 150,000 shares of company stock worth $1,489,500 in the last quarter. 0.18% of the stock is owned by company insiders.

Royce Micro-Cap Trust Company 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.