Royce Micro-Cap Trust (NYSE:RMT) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.55 and traded as high as $9.83. Royce Micro-Cap Trust shares last traded at $9.73, with a volume of 91,170 shares trading hands.

Royce Micro-Cap Trust Trading Down 0.5 %

The firm has a 50-day moving average of $9.55 and a two-hundred day moving average of $9.42.

Royce Micro-Cap Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 13th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.40%.

Insider Transactions at Royce Micro-Cap Trust

In related news, President Christopher D. Clark acquired 5,400 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average cost of $9.56 per share, with a total value of $51,624.00. Following the completion of the transaction, the president now owns 53,040 shares of the company’s stock, valued at approximately $507,062.40. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by insiders.

Institutional Trading of Royce Micro-Cap Trust

A number of institutional investors have recently bought and sold shares of RMT. Allspring Global Investments Holdings LLC lifted its holdings in shares of 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 valued at $10,959,000 after buying an additional 19,049 shares during the last quarter. Shaker Financial Services LLC lifted its stake in Royce Micro-Cap Trust by 17.5% in the second quarter. Shaker Financial Services LLC now owns 574,290 shares of the financial services provider’s stock valued at $5,278,000 after acquiring an additional 85,571 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its position in Royce Micro-Cap Trust by 39.3% in the second quarter. Blue Bell Private Wealth Management LLC now owns 318,672 shares of the financial services provider’s stock worth $2,929,000 after acquiring an additional 89,882 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Royce Micro-Cap Trust by 5.1% during the 2nd quarter. Cetera Investment Advisers now owns 291,075 shares of the financial services provider’s stock worth $2,675,000 after purchasing an additional 14,079 shares during the last quarter. Finally, Cetera Advisors LLC bought a new position in shares of Royce Micro-Cap Trust during the 1st quarter valued at $2,593,000. Institutional investors and hedge funds own 34.98% of the company’s stock.

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.