Wells Fargo & Company MN Purchases 22,508 Shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Wells Fargo & Company MN boosted its holdings in Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 3.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 604,206 shares of the financial services provider’s stock after acquiring an additional 22,508 shares during the quarter. Wells Fargo & Company MN’s holdings in Royce Micro-Cap Trust were worth $5,891,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Modern Wealth Management LLC purchased a new position in shares of Royce Micro-Cap Trust in the 4th quarter worth about $10,142,000. Raymond James Financial Inc. purchased a new position in shares of Royce Micro-Cap Trust in the 4th quarter valued at approximately $3,469,000. LPL Financial LLC increased its stake in shares of Royce Micro-Cap Trust by 86.7% in the 4th quarter. LPL Financial LLC now owns 592,578 shares of the financial services provider’s stock worth $5,778,000 after acquiring an additional 275,117 shares in the last quarter. Wolverine Asset Management LLC grew its stake in shares of Royce Micro-Cap Trust by 88.5% in the 4th quarter. Wolverine Asset Management LLC now owns 353,905 shares of the financial services provider’s stock worth $3,451,000 after buying an additional 166,180 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its stake in Royce Micro-Cap Trust by 14.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 432,511 shares of the financial services provider’s stock worth $4,217,000 after purchasing an additional 54,366 shares in the last quarter. Institutional investors own 34.98% of the company’s stock.

Insider Buying and Selling at Royce Micro-Cap Trust

In related news, insider Charles M. Royce sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $9.97, for a total transaction of $498,500.00. Following the completion of the transaction, the insider now directly owns 1,070,942 shares in the company, valued at approximately $10,677,291.74. The trade was a 4.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 159,160 shares of company stock valued at $1,561,589. 0.18% of the stock is owned by company insiders.

Royce Micro-Cap Trust Price Performance

Shares of RMT opened at $7.89 on Friday. Royce Micro-Cap Trust, Inc. has a twelve month low of $7.25 and a twelve month high of $10.43. The firm has a 50 day moving average of $8.67 and a 200 day moving average of $9.46.

Royce Micro-Cap Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 13th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 9.64%. The ex-dividend date was Thursday, March 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.