Wells Fargo & Company MN lessened its stake in Royce Micro Capital Trust Inc. (NYSE:RMT) by 12.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,177,600 shares of the financial services provider’s stock after selling 167,025 shares during the quarter. Wells Fargo & Company MN owned about 2.76% of Royce Micro Capital Trust worth $6,547,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its holdings in Royce Micro Capital Trust by 4.0% during the first quarter. First Trust Advisors LP now owns 56,708 shares of the financial services provider’s stock worth $472,000 after buying an additional 2,207 shares during the last quarter. Private Advisor Group LLC acquired a new stake in Royce Micro Capital Trust in the fourth quarter worth $300,000. Landscape Capital Management L.L.C. bought a new position in shares of Royce Micro Capital Trust during the fourth quarter worth $932,000. Cornerstone Advisors LLC acquired a new position in shares of Royce Micro Capital Trust in the 4th quarter valued at $4,019,000. Finally, Citigroup Inc. increased its position in shares of Royce Micro Capital Trust by 6.4% in the 4th quarter. Citigroup Inc. now owns 30,116 shares of the financial services provider’s stock valued at $257,000 after buying an additional 1,803 shares in the last quarter. 26.15% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Royce Micro Capital Trust stock opened at $7.12 on Wednesday. The business has a 50-day moving average of $6.99 and a two-hundred day moving average of $7.32. Royce Micro Capital Trust Inc. has a 1 year low of $4.30 and a 1 year high of $8.96.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.60 annualized dividend and a yield of 8.43%.
Royce Micro Capital Trust 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.
Further Reading: Strangles
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