LPL Financial LLC Cuts Holdings in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

LPL Financial LLC lowered its stake in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT – Get Rating) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 176,123 shares of the financial services provider’s stock after selling 5,063 shares during the quarter. LPL Financial LLC owned 0.38% of Royce Micro-Cap Trust worth $1,529,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RMT. Dfpg Investments LLC purchased a new position in shares of Royce Micro-Cap Trust in the 4th quarter worth about $728,000. Allspring Global Investments Holdings LLC grew its position in Royce Micro-Cap Trust by 46.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,138,994 shares of the financial services provider’s stock valued at $9,886,000 after acquiring an additional 358,979 shares during the last quarter. Flagship Harbor Advisors LLC raised its stake in shares of Royce Micro-Cap Trust by 2.5% during the fourth quarter. Flagship Harbor Advisors LLC now owns 370,986 shares of the financial services provider’s stock worth $3,220,000 after acquiring an additional 9,023 shares in the last quarter. Mraz Amerine & Associates Inc. lifted its holdings in shares of Royce Micro-Cap Trust by 8.5% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 377,887 shares of the financial services provider’s stock worth $3,280,000 after acquiring an additional 29,458 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new stake in shares of Royce Micro-Cap Trust in the 3rd quarter valued at $796,000. 29.47% of the stock is owned by institutional investors.

Royce Micro-Cap Trust Stock Down 0.2 %

RMT stock opened at $8.17 on Friday. The firm’s fifty day moving average is $8.36 and its 200 day moving average is $8.88. Royce Micro-Cap Trust, Inc. has a 52 week low of $7.76 and a 52 week high of $9.98.

Royce Micro-Cap Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Monday, March 13th were paid a $0.18 dividend. The ex-dividend date was Friday, March 10th. This represents a $0.72 dividend on an annualized basis and a yield of 8.81%.

About Royce Micro-Cap Trust

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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.