Royce Micro-Cap Trust (NYSE:RMT) Hits New 12-Month High After Dividend Announcement

Royce Micro-Cap Trust, Inc. (NYSE:RMT)’s stock price reached a new 52-week high during trading on Monday after the company announced a dividend. The company traded as high as $10.40 and last traded at $10.40, with a volume of 148675 shares traded. The stock had previously closed at $10.32.

The newly announced dividend which will be paid on Monday, December 23rd. Shareholders of record on Thursday, December 12th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, December 12th.

Royce Micro-Cap Trust Trading Up 0.4 %

The stock has a fifty day moving average of $9.80 and a 200-day moving average of $9.60.

Institutional Investors Weigh In On Royce Micro-Cap Trust

A number of hedge funds have recently made changes to their positions in RMT. Cetera Advisors LLC acquired a new position in Royce Micro-Cap Trust during the 1st quarter valued at about $2,593,000. CWM LLC acquired a new position in Royce Micro-Cap Trust during the 2nd quarter valued at about $432,000. Sapient Capital LLC increased its holdings in shares of Royce Micro-Cap Trust by 9.2% in the second quarter. Sapient Capital LLC now owns 95,295 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 8,003 shares during the period. Family Firm Inc. increased its holdings in shares of Royce Micro-Cap Trust by 4.1% in the second quarter. Family Firm Inc. now owns 262,532 shares of the financial services provider’s stock valued at $2,413,000 after purchasing an additional 10,439 shares during the period. Finally, Wolverine Asset Management LLC increased its holdings in shares of Royce Micro-Cap Trust by 579.1% in the second quarter. Wolverine Asset Management LLC now owns 128,426 shares of the financial services provider’s stock valued at $1,180,000 after purchasing an additional 109,516 shares during the period. 34.98% of the stock is currently owned by hedge funds and other institutional investors.

About Royce Micro-Cap Trust

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.