Cetera Investment Advisers Trims Stock Holdings in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Cetera Investment Advisers decreased its holdings in Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 96.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,581 shares of the financial services provider’s stock after selling 294,485 shares during the period. Cetera Investment Advisers’ holdings in Royce Micro-Cap Trust were worth $113,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Modern Wealth Management LLC bought a new position in shares of Royce Micro-Cap Trust in the fourth quarter valued at approximately $10,142,000. Raymond James Financial Inc. bought a new position in shares of Royce Micro-Cap Trust in the fourth quarter valued at approximately $3,469,000. LPL Financial LLC boosted its position in shares of Royce Micro-Cap Trust by 86.7% in the fourth quarter. LPL Financial LLC now owns 592,578 shares of the financial services provider’s stock valued at $5,778,000 after acquiring an additional 275,117 shares during the period. Wolverine Asset Management LLC boosted its position in shares of Royce Micro-Cap Trust by 88.5% in the fourth quarter. Wolverine Asset Management LLC now owns 353,905 shares of the financial services provider’s stock valued at $3,451,000 after acquiring an additional 166,180 shares during the period. Finally, Shaker Financial Services LLC boosted its position in shares of Royce Micro-Cap Trust by 18.7% in the fourth quarter. Shaker Financial Services LLC now owns 734,786 shares of the financial services provider’s stock valued at $7,164,000 after acquiring an additional 115,516 shares during the period. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Insider Activity

In other Royce Micro-Cap Trust news, insider Charles M. Royce sold 43,229 shares of Royce Micro-Cap Trust stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $8.31, for a total transaction of $359,232.99. Following the completion of the sale, the insider now directly owns 798,970 shares in the company, valued at $6,639,440.70. The trade was a 5.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

Royce Micro-Cap Trust Stock Performance

RMT stock opened at $8.71 on Tuesday. The firm has a 50 day moving average of $8.27 and a 200-day moving average of $9.19. Royce Micro-Cap Trust, Inc. has a 12 month low of $7.25 and a 12 month high of $10.43.

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.