Royce Micro-Cap Trust, Inc. (NYSE:RMT) Shares Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its holdings in Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 5.5% during the 4th quarter, Holdings Channel reports. The fund owned 30,426 shares of the financial services provider’s stock after acquiring an additional 1,591 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Royce Micro-Cap Trust were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Raymond James & Associates increased its position 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 purchasing an additional 21,426 shares during the period. Advisor Resource Council acquired a new position in shares of Royce Micro-Cap Trust during the 4th quarter valued at $261,000. AQR Arbitrage LLC increased its position in shares of Royce Micro-Cap Trust by 65.7% during the 3rd quarter. AQR Arbitrage LLC now owns 114,693 shares of the financial services provider’s stock valued at $950,000 after purchasing an additional 45,469 shares during the period. Wolverine Asset Management LLC increased its position in shares of Royce Micro-Cap Trust by 19.8% during the 3rd quarter. Wolverine Asset Management LLC now owns 37,600 shares of the financial services provider’s stock valued at $311,000 after purchasing an additional 6,223 shares during the period. Finally, FCA Corp TX increased its position in shares of Royce Micro-Cap Trust by 4.7% during the 3rd quarter. FCA Corp TX now owns 295,610 shares of the financial services provider’s stock valued at $2,448,000 after purchasing an additional 13,315 shares during the period. 34.98% of the stock is currently owned by institutional investors and hedge funds.

Royce Micro-Cap Trust Trading Up 1.5 %

Shares of RMT stock opened at $8.77 on Tuesday. Royce Micro-Cap Trust, Inc. has a 1 year low of $7.67 and a 1 year high of $9.51. The business’s fifty day moving average is $9.17 and its 200-day moving average is $8.80.

Royce Micro-Cap Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 7.75%. The ex-dividend date was Friday, March 8th.

Insider Transactions at Royce Micro-Cap Trust

In related news, President Christopher D. Clark acquired 5,000 shares of Royce Micro-Cap Trust stock in a transaction dated Thursday, March 21st. The stock was acquired at an average cost of $9.24 per share, with a total value of $46,200.00. Following the purchase, the president now directly owns 45,945 shares in the company, valued at approximately $424,531.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate 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.