Royce Micro-Cap Trust, Inc. (NYSE:RMT) Shares Bought by Blue Bell Private Wealth Management LLC

Blue Bell Private Wealth Management LLC grew its stake in Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 39.3% during the second quarter, HoldingsChannel reports. The firm owned 318,672 shares of the financial services provider’s stock after purchasing an additional 89,882 shares during the quarter. Royce Micro-Cap Trust comprises approximately 0.6% of Blue Bell Private Wealth Management LLC’s portfolio, making the stock its 29th biggest holding. Blue Bell Private Wealth Management LLC’s holdings in Royce Micro-Cap Trust were worth $2,929,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Wealthcare Advisory Partners LLC boosted its holdings in Royce Micro-Cap Trust by 42.3% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 20,920 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 6,217 shares in the last quarter. ARK & TLK Investments LLC purchased a new stake in shares of Royce Micro-Cap Trust in the fourth quarter valued at approximately $211,000. Jaffetilchin Investment Partners LLC boosted its stake in shares of Royce Micro-Cap Trust by 127.2% in the first quarter. Jaffetilchin Investment Partners LLC now owns 26,471 shares of the financial services provider’s stock valued at $250,000 after buying an additional 14,820 shares in the last quarter. CWM LLC purchased a new position in Royce Micro-Cap Trust in the second quarter worth $432,000. Finally, EP Wealth Advisors LLC raised its position in Royce Micro-Cap Trust by 2.3% in the fourth quarter. EP Wealth Advisors LLC now owns 53,266 shares of the financial services provider’s stock worth $492,000 after acquiring an additional 1,184 shares in the last quarter. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Insiders Place Their Bets

In other news, President Christopher D. Clark purchased 5,400 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were acquired at an average price of $9.56 per share, with a total value of $51,624.00. Following the purchase, the president now directly owns 53,040 shares of the company’s stock, valued at $507,062.40. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Royce Micro-Cap Trust Stock Performance

Shares of NYSE RMT opened at $9.35 on Friday. Royce Micro-Cap Trust, Inc. has a one year low of $7.67 and a one year high of $10.11. The company’s fifty day moving average is $9.53 and its two-hundred day moving average is $9.36.

Royce Micro-Cap Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, September 13th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 7.70%. The ex-dividend date is Friday, September 13th.

Royce Micro-Cap 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.