Royce Micro-Cap Trust (NYSE:RMT) Stock Passes Below 200 Day Moving Average of $8.67

Royce Micro-Cap Trust, Inc. (NYSE:RMT) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.67 and traded as low as $8.48. Royce Micro-Cap Trust shares last traded at $8.55, with a volume of 113,569 shares.

Royce Micro-Cap Trust Stock Performance

The business’s 50 day simple moving average is $8.93 and its 200 day simple moving average is $8.67.

Royce Micro-Cap Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Monday, September 11th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 8.04%. The ex-dividend date is Friday, September 8th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RMT. Brown Advisory Inc. increased its holdings in shares of Royce Micro-Cap Trust by 1.4% during the fourth quarter. Brown Advisory Inc. now owns 78,719 shares of the financial services provider’s stock worth $683,000 after buying an additional 1,080 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Royce Micro-Cap Trust by 45.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,641 shares of the financial services provider’s stock worth $32,000 after buying an additional 1,145 shares in the last quarter. FCA Corp TX increased its holdings in shares of Royce Micro-Cap Trust by 0.4% during the first quarter. FCA Corp TX now owns 271,747 shares of the financial services provider’s stock worth $2,859,000 after buying an additional 1,205 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of Royce Micro-Cap Trust by 1.5% during the second quarter. Moors & Cabot Inc. now owns 100,645 shares of the financial services provider’s stock worth $881,000 after buying an additional 1,509 shares in the last quarter. Finally, Resolute Financial LLC increased its holdings in shares of Royce Micro-Cap Trust by 3.0% during the fourth quarter. Resolute Financial LLC now owns 53,486 shares of the financial services provider’s stock worth $464,000 after buying an additional 1,553 shares in the last quarter. Institutional investors own 25.56% 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.