Advisors Asset Management Inc. Sells 143,676 Shares of Royce Otc Micro $RMT

Advisors Asset Management Inc. decreased its holdings in Royce Otc Micro (NYSE:RMT) by 53.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,915 shares of the financial services provider’s stock after selling 143,676 shares during the period. Advisors Asset Management Inc. owned about 0.25% of Royce Otc Micro worth $1,165,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in Royce Otc Micro by 11.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 832,898 shares of the financial services provider’s stock worth $7,704,000 after buying an additional 87,000 shares during the last quarter. Wolverine Asset Management LLC grew its stake in shares of Royce Otc Micro by 8.5% in the first quarter. Wolverine Asset Management LLC now owns 384,130 shares of the financial services provider’s stock worth $3,238,000 after acquiring an additional 30,225 shares during the period. Modern Wealth Management LLC raised its holdings in shares of Royce Otc Micro by 11.0% during the first quarter. Modern Wealth Management LLC now owns 1,074,754 shares of the financial services provider’s stock valued at $9,060,000 after purchasing an additional 106,092 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Royce Otc Micro by 13.3% during the first quarter. LPL Financial LLC now owns 671,106 shares of the financial services provider’s stock valued at $5,657,000 after purchasing an additional 78,528 shares during the last quarter. Finally, Shaker Financial Services LLC lifted its position in Royce Otc Micro by 23.5% during the first quarter. Shaker Financial Services LLC now owns 907,197 shares of the financial services provider’s stock valued at $7,648,000 after purchasing an additional 172,411 shares during the period. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Insider Activity at Royce Otc Micro

In related news, insider Charles M. Royce sold 200,000 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $10.27, for a total transaction of $2,054,000.00. Following the completion of the sale, the insider owned 596,926 shares in the company, valued at approximately $6,130,430.02. This represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is owned by insiders.

Royce Otc Micro Stock Performance

Shares of RMT stock opened at $10.46 on Monday. Royce Otc Micro has a 12-month low of $7.25 and a 12-month high of $10.88. The firm’s 50 day moving average is $10.32 and its 200 day moving average is $9.77.

Royce Otc Micro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 12th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Friday, September 12th.

About Royce Otc Micro

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.