Royce Micro-Cap Trust (NYSE:RMT) Share Price Crosses Below 200 Day Moving Average of $8.50

Posted by Defense World Staff on Nov 18th, 2023

Shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.50 and traded as low as $8.18. Royce Micro-Cap Trust shares last traded at $8.28, with a volume of 61,692 shares.

Royce Micro-Cap Trust Stock Performance

The business has a 50-day moving average price of $8.14 and a two-hundred day moving average price of $8.50.

Royce Micro-Cap Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Monday, September 11th were given a dividend of $0.17 per share. The ex-dividend date was Friday, September 8th. This represents a $0.68 annualized dividend and a dividend yield of 8.21%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RMT. Barrett & Company Inc. acquired a new position in shares of Royce Micro-Cap Trust during the first quarter worth about $29,000. Steward Partners Investment Advisory LLC boosted its position in shares of Royce Micro-Cap Trust by 45.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,641 shares of the financial services provider’s stock worth $32,000 after buying an additional 1,145 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Royce Micro-Cap Trust during the fourth quarter worth about $37,000. TD Capital Management LLC acquired a new position in shares of Royce Micro-Cap Trust during the second quarter worth about $39,000. Finally, Spire Wealth Management acquired a new position in shares of Royce Micro-Cap Trust during the second quarter worth about $48,000. 25.56% of the stock is owned by institutional investors and hedge funds.

About Royce Micro-Cap Trust

(Get Free Report)

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.