Royce Micro-Cap Trust (NYSE:RMT) Stock Price Crosses Below 200 Day Moving Average of $9.19

Royce Micro-Cap Trust, Inc. (NYSE:RMT) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.19 and traded as low as $9.01. Royce Micro-Cap Trust shares last traded at $9.07, with a volume of 69,869 shares.

Royce Micro-Cap Trust Stock Up 0.7 %

The company’s fifty day moving average price is $9.34 and its 200 day moving average price is $9.19.

Royce Micro-Cap Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Thursday, June 13th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.83%. This is an increase from Royce Micro-Cap Trust’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, June 13th.

Hedge Funds Weigh In On Royce Micro-Cap Trust

Institutional investors have recently added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC raised its stake in shares of Royce Micro-Cap Trust by 42.3% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 20,920 shares of the financial services provider’s stock valued at $193,000 after buying an additional 6,217 shares during the period. ARK & TLK Investments LLC bought a new stake in Royce Micro-Cap Trust in the 4th quarter valued at about $211,000. International Assets Investment Management LLC lifted its holdings in Royce Micro-Cap Trust by 846.8% during the fourth quarter. International Assets Investment Management LLC now owns 23,186 shares of the financial services provider’s stock valued at $214,000 after purchasing an additional 20,737 shares during the last quarter. Jaffetilchin Investment Partners LLC lifted its holdings in Royce Micro-Cap Trust by 127.2% during the first quarter. Jaffetilchin Investment Partners LLC now owns 26,471 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 14,820 shares during the last quarter. Finally, Advisor Resource Council bought a new position in Royce Micro-Cap Trust during the fourth quarter worth about $261,000. Institutional investors own 34.98% of the company’s stock.

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.