Commonwealth Equity Services LLC Reduces Stock Position in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Commonwealth Equity Services LLC cut its holdings in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,679 shares of the financial services provider’s stock after selling 1,371 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Royce Micro-Cap Trust were worth $1,311,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. EP Wealth Advisors LLC increased its holdings in shares of Royce Micro-Cap Trust by 2.3% in the 4th quarter. EP Wealth Advisors LLC now owns 53,266 shares of the financial services provider’s stock valued at $492,000 after acquiring an additional 1,184 shares during the last quarter. Sapient Capital LLC boosted its position in Royce Micro-Cap Trust by 9.2% during the 2nd quarter. Sapient Capital LLC now owns 95,295 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 8,003 shares during the period. Family Firm Inc. boosted its position in Royce Micro-Cap Trust by 4.1% during the 2nd quarter. Family Firm Inc. now owns 262,532 shares of the financial services provider’s stock worth $2,413,000 after acquiring an additional 10,439 shares during the period. Jaffetilchin Investment Partners LLC boosted its position in Royce Micro-Cap Trust by 127.2% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 26,471 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 14,820 shares during the period. Finally, ARK & TLK Investments LLC acquired a new position in Royce Micro-Cap Trust during the 4th quarter worth $211,000. 34.98% of the stock is currently owned by institutional investors.

Insider Transactions at Royce Micro-Cap Trust

In related news, President Christopher D. Clark bought 5,400 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were bought 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 directly owns 53,040 shares of the company’s stock, valued at $507,062.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

Royce Micro-Cap Trust Stock Performance

Shares of Royce Micro-Cap Trust stock opened at $9.38 on Monday. The business has a fifty day simple moving average of $9.55 and a 200-day simple moving average of $9.36. Royce Micro-Cap Trust, Inc. has a fifty-two week low of $7.67 and a fifty-two week high of $10.11.

Royce Micro-Cap Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, September 13th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.68%. The ex-dividend date of this dividend is Friday, September 13th.

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.