Raymond James Financial Services Advisors Inc. Boosts Stake in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Raymond James Financial Services Advisors Inc. boosted its position in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,426 shares of the financial services provider’s stock after purchasing an additional 1,591 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.06% of Royce Micro-Cap Trust worth $281,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Advisor Resource Council purchased a new stake in Royce Micro-Cap Trust during the fourth quarter worth $261,000. Wolverine Asset Management LLC boosted its position in Royce Micro-Cap Trust by 19.8% during the third quarter. Wolverine Asset Management LLC now owns 37,600 shares of the financial services provider’s stock worth $311,000 after purchasing an additional 6,223 shares in the last quarter. Moors & Cabot Inc. boosted its position in Royce Micro-Cap Trust by 2.3% during the third quarter. Moors & Cabot Inc. now owns 102,929 shares of the financial services provider’s stock worth $852,000 after purchasing an additional 2,284 shares in the last quarter. AQR Arbitrage LLC boosted its position in Royce Micro-Cap Trust by 65.7% during the third quarter. AQR Arbitrage LLC now owns 114,693 shares of the financial services provider’s stock worth $950,000 after purchasing an additional 45,469 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in Royce Micro-Cap Trust by 6.1% during the third quarter. Commonwealth Equity Services LLC now owns 130,880 shares of the financial services provider’s stock worth $1,084,000 after purchasing an additional 7,538 shares in the last quarter. 34.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, President Christopher D. Clark acquired 5,000 shares of Royce Micro-Cap Trust stock in a transaction dated Thursday, March 21st. The shares were acquired at an average cost of $9.24 per share, for a total transaction of $46,200.00. Following the completion of the transaction, the president now directly owns 45,945 shares of the company’s stock, valued at $424,531.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Royce Micro-Cap Trust Stock Performance

Shares of NYSE:RMT opened at $8.77 on Tuesday. Royce Micro-Cap Trust, Inc. has a 52-week low of $7.67 and a 52-week high of $9.51. The stock’s fifty day simple moving average is $9.17 and its 200-day simple moving average is $8.80.

Royce Micro-Cap Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.68 annualized dividend and a dividend yield of 7.75%.

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.