DAVENPORT & Co LLC Trims Holdings in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

DAVENPORT & Co LLC decreased its position in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 15.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,795 shares of the financial services provider’s stock after selling 1,902 shares during the quarter. DAVENPORT & Co LLC’s holdings in Royce Micro-Cap Trust were worth $100,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its position in Royce Micro-Cap Trust by 5.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 30,426 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 1,591 shares during the period. Raymond James & Associates raised its stake in shares of Royce Micro-Cap Trust by 7.2% during the 4th quarter. Raymond James & Associates now owns 319,549 shares of the financial services provider’s stock valued at $2,953,000 after buying an additional 21,426 shares during the last quarter. Advisor Resource Council acquired a new position in shares of Royce Micro-Cap Trust in the 4th quarter valued at about $261,000. Diversified Trust Co boosted its stake in shares of Royce Micro-Cap Trust by 42.7% in the third quarter. Diversified Trust Co now owns 22,828 shares of the financial services provider’s stock worth $189,000 after buying an additional 6,828 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Royce Micro-Cap Trust in the third quarter worth about $86,000. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Insider Activity

In other news, President Christopher D. Clark purchased 5,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were purchased at an average cost of $9.24 per share, with a total value of $46,200.00. Following the completion of the acquisition, the president now owns 45,945 shares of the company’s stock, valued at approximately $424,531.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Royce Micro-Cap Trust Trading Up 0.3 %

Shares of RMT stock opened at $9.12 on Friday. Royce Micro-Cap Trust, Inc. has a twelve month low of $7.67 and a twelve month high of $9.51. The stock has a 50 day moving average of $9.23 and a 200 day moving average of $8.77.

Royce Micro-Cap Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 7.46%. The ex-dividend date was Friday, March 8th.

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.