Royce Micro-Cap Trust (NYSE:RMT) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Royce Micro-Cap Trust, Inc. (NYSE:RMT)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.92 and traded as high as $9.93. Royce Micro-Cap Trust shares last traded at $9.90, with a volume of 66,857 shares trading hands.

Royce Micro-Cap Trust Stock Up 1.7 %

The stock’s fifty day simple moving average is $9.92 and its 200-day simple moving average is $9.64.

Royce Micro-Cap Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 12th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.84 dividend on an annualized basis and a yield of 8.48%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. XTX Topco Ltd acquired a new position in Royce Micro-Cap Trust in the 3rd quarter worth approximately $104,000. Allspring Global Investments Holdings LLC increased its stake in shares of Royce Micro-Cap Trust by 1.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,140,342 shares of the financial services provider’s stock worth $10,959,000 after acquiring an additional 19,049 shares during the period. HighTower Advisors LLC acquired a new position in Royce Micro-Cap Trust during the third quarter valued at $102,000. Wolverine Asset Management LLC boosted its holdings in Royce Micro-Cap Trust by 46.2% in the third quarter. Wolverine Asset Management LLC now owns 187,725 shares of the financial services provider’s stock valued at $1,804,000 after purchasing an additional 59,299 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Royce Micro-Cap Trust during the 2nd quarter worth about $1,104,000. 34.98% of the stock is owned by institutional investors and hedge funds.

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.