Royce Micro-Cap Trust (NYSE:RMT) Stock Passes Below 200-Day Moving Average of $8.67

Royce Micro-Cap Trust, Inc. (NYSE:RMT) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.67 and traded as low as $8.48. Royce Micro-Cap Trust shares last traded at $8.55, with a volume of 113,569 shares trading hands.

Royce Micro-Cap Trust Trading Up 1.1 %

The company’s 50 day moving average price is $8.93 and its 200-day moving average price is $8.67.

Royce Micro-Cap Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Monday, September 11th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, September 8th. This represents a $0.68 annualized dividend and a dividend yield of 7.95%.

Institutional Trading of Royce Micro-Cap Trust

Institutional investors have recently made changes to their positions in the stock. Barrett & Company Inc. purchased a new stake in shares of Royce Micro-Cap Trust during the 1st quarter valued at $29,000. Steward Partners Investment Advisory LLC boosted its position in Royce Micro-Cap Trust by 45.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,641 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 1,145 shares during the period. EP Wealth Advisors LLC purchased a new stake in Royce Micro-Cap Trust during the 1st quarter worth $841,000. JPMorgan Chase & Co. purchased a new stake in Royce Micro-Cap Trust during the 4th quarter worth $37,000. Finally, TD Capital Management LLC purchased a new stake in Royce Micro-Cap Trust during the 2nd quarter worth $39,000. 25.56% of the stock is owned by hedge funds and other institutional investors.

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.