Royce Micro-Cap Trust (NYSE:RMT) Reaches New 12-Month High – Still a Buy?

Royce Micro-Cap Trust, Inc. (NYSE:RMT) hit a new 52-week high on Monday . The stock traded as high as $10.48 and last traded at $10.48, with a volume of 3024 shares trading hands. The stock had previously closed at $10.23.

Royce Micro-Cap Trust Price Performance

The company’s 50-day moving average is $9.82 and its two-hundred day moving average is $9.61.

Royce Micro-Cap Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Thursday, December 12th will be given a $0.21 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.84 annualized dividend and a yield of 8.02%.

Institutional Investors Weigh In On Royce Micro-Cap Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alpha Financial Partners LLC purchased a new stake in Royce Micro-Cap Trust in the 3rd quarter valued at about $101,000. HighTower Advisors LLC purchased a new stake in Royce Micro-Cap Trust in the 3rd quarter valued at about $102,000. XTX Topco Ltd purchased a new stake in Royce Micro-Cap Trust in the 3rd quarter valued at about $104,000. Heritage Wealth Management Inc. purchased a new stake in Royce Micro-Cap Trust in the 3rd quarter valued at about $185,000. Finally, International Assets Investment Management LLC increased its stake in Royce Micro-Cap Trust by 879.2% in the 3rd quarter. International Assets Investment Management LLC now owns 25,527 shares of the financial services provider’s stock valued at $2,656,000 after buying an additional 22,920 shares during the last quarter. Hedge funds and other 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.