Hennion & Walsh Asset Management Inc. Acquires Shares of 29,010 Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Hennion & Walsh Asset Management Inc. bought a new position in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 29,010 shares of the financial services provider’s stock, valued at approximately $283,000.

Several other institutional investors have also modified their holdings of RMT. Allspring Global Investments Holdings LLC increased its holdings in Royce Micro-Cap Trust by 1.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,140,342 shares of the financial services provider’s stock worth $10,959,000 after purchasing an additional 19,049 shares during the last quarter. Shaker Financial Services LLC increased its stake in shares of Royce Micro-Cap Trust by 7.8% in the third quarter. Shaker Financial Services LLC now owns 619,270 shares of the financial services provider’s stock worth $5,951,000 after buying an additional 44,980 shares during the last quarter. Cetera Investment Advisers raised its holdings in Royce Micro-Cap Trust by 5.1% in the second quarter. Cetera Investment Advisers now owns 291,075 shares of the financial services provider’s stock valued at $2,675,000 after acquiring an additional 14,079 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in Royce Micro-Cap Trust by 46.2% during the 3rd quarter. Wolverine Asset Management LLC now owns 187,725 shares of the financial services provider’s stock valued at $1,804,000 after acquiring an additional 59,299 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Royce Micro-Cap Trust during the 2nd quarter worth $1,104,000. Institutional investors and hedge funds own 34.98% of the company’s stock.

Royce Micro-Cap Trust Stock Performance

Shares of Royce Micro-Cap Trust stock opened at $10.20 on Wednesday. Royce Micro-Cap Trust, Inc. has a 1 year low of $8.59 and a 1 year high of $10.43. The firm’s 50-day simple moving average is $9.96 and its 200-day simple moving average is $9.71.

Royce Micro-Cap Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 12th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 8.24%. The ex-dividend date of this dividend was Thursday, December 12th.

Royce Micro-Cap Trust Company 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.