Royce Micro Capital Trust (NYSE:RMT) Shares Pass Above 200-Day Moving Average of $0.00

Shares of Royce Micro Capital Trust Inc. (NYSE:RMT) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $8.07. Royce Micro Capital Trust shares last traded at $8.06, with a volume of 300 shares.

The firm has a 50 day moving average of $8.13.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Thursday, June 13th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 8.27%. The ex-dividend date was Wednesday, June 12th.

Hedge funds have recently modified their holdings of the stock. Harborview Advisors LLC lifted its stake in shares of Royce Micro Capital Trust by 23.0% during the 1st quarter. Harborview Advisors LLC now owns 48,794 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 9,127 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Royce Micro Capital Trust by 38.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 25,758 shares of the financial services provider’s stock worth $191,000 after acquiring an additional 7,152 shares during the last quarter. Claraphi Advisory Network LLC lifted its stake in shares of Royce Micro Capital Trust by 6.2% during the 4th quarter. Claraphi Advisory Network LLC now owns 36,643 shares of the financial services provider’s stock worth $272,000 after acquiring an additional 2,141 shares during the last quarter. RMB Capital Management LLC bought a new stake in shares of Royce Micro Capital Trust during the 4th quarter worth approximately $326,000. Finally, Stifel Financial Corp raised its position in Royce Micro Capital Trust by 71.6% during the 4th quarter. Stifel Financial Corp now owns 176,841 shares of the financial services provider’s stock valued at $1,310,000 after purchasing an additional 73,787 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

About Royce Micro Capital Trust (NYSE:RMT)

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.

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