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

Cetera Investment Advisers lifted its position in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 5.1% during the second quarter, Holdings Channel reports. The institutional investor owned 291,075 shares of the financial services provider’s stock after purchasing an additional 14,079 shares during the period. Cetera Investment Advisers’ holdings in Royce Micro-Cap Trust were worth $2,675,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of RMT. Cetera Advisors LLC purchased a new position in shares of Royce Micro-Cap Trust during the 1st quarter valued at $2,593,000. Wolverine Asset Management LLC lifted its stake in Royce Micro-Cap Trust by 579.1% in the 2nd quarter. Wolverine Asset Management LLC now owns 128,426 shares of the financial services provider’s stock worth $1,180,000 after purchasing an additional 109,516 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in Royce Micro-Cap Trust by 39.3% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 318,672 shares of the financial services provider’s stock worth $2,929,000 after purchasing an additional 89,882 shares in the last quarter. Shaker Financial Services LLC lifted its stake in Royce Micro-Cap Trust by 17.5% in the 2nd quarter. Shaker Financial Services LLC now owns 574,290 shares of the financial services provider’s stock worth $5,278,000 after purchasing an additional 85,571 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in Royce Micro-Cap Trust in the 1st quarter worth $664,000. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Insiders Place Their Bets

In other Royce Micro-Cap Trust news, President Christopher D. Clark bought 5,400 shares of Royce Micro-Cap Trust stock in a transaction dated Friday, August 16th. The shares were purchased at an average cost of $9.56 per share, for a total transaction of $51,624.00. Following the acquisition, the president now directly owns 53,040 shares in the company, valued at approximately $507,062.40. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

Royce Micro-Cap Trust Trading Up 2.0 %

Shares of RMT stock opened at $9.63 on Friday. Royce Micro-Cap Trust, Inc. has a 52 week low of $7.67 and a 52 week high of $10.11. The company’s fifty day simple moving average is $9.48 and its two-hundred day simple moving average is $9.40.

Royce Micro-Cap Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 7.48%. The ex-dividend date of this dividend was Friday, September 13th.

Royce Micro-Cap Trust 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.